Pension SuperFund signs up second client in £300m deal

Defined benefit (DB) consolidation vehicle The Pension SuperFund has signed an exclusivity agreement with a £300m (€328m) pension scheme, its second deal since opening for business last year.

If the transaction completes, the scheme – which was not named in the announcement from the SuperFund – will transfer from its sponsor to the consolidator, subject to approval from the Pensions Regulator (TPR). 

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