Our advisory role in the first ever superfund transaction saw our efforts spotlighted with the 'Pension risk transfer innovation of the year' award in the 2024 InsuranceERM Awards.

Formally recognising Europe's very best in insurance risk management, actuarial and risk modelling practices, the InsuranceERM Awards were announced today, and we were honoured to be named as a winner.

Our Risk Transfer team were awarded the accolade for their input into the landmark £590m deal between Sears Retail Pension Scheme and Clara Pensions, completed late last year. The transaction was the first of its kind, and we anticipate more superfund transactions to follow in the years ahead. 

We continue to lead innovation in this market and are working with providers to develop innovative structures and placing them in front of the Regulator for approval – including capital-backed journey plans (CBJP), consolidators, new entrants to the buy-out market and longevity risk transfer solutions. 

Speaking on the win, Risk Transfer Partner Richard Gibson said: "We are at the forefront of innovation in the pension risk transfer space, and are proud of our central role in the successful completion of the first ever superfund consolidation deal".

"Winning this award for our role in this landmark deal is a great honour for our team."
Richard Gibson Risk Transfer Partner, Barnett Waddingham

Overview of the first ever superfund deal

Watch our conversation about BW’s key role in the UK's first DB pensions superfund deal and what it means for the wider industry.

Watch the video

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