Clara appoints Kempen as its Fiduciary Manager

9 June 2021

Clara-Pensions, the member-first consolidator for defined benefit pension schemes, today (9 June 2021) announced it has completed the appointment of Kempen Capital Management (Kempen) as its fiduciary manager.

Selected by both the Trustee of the Clara Pension Trust and Clara-Pensions, Kempen will implement a joint investment strategy on behalf of both the Clara pension scheme and Clara’s funded covenant to deliver a low-risk and secure journey to buy-out.

Established in 1903, Kempen operates in the UK, the Netherlands and France. It has played a significant role in the consolidation of Dutch pension schemes and has managed fiduciary mandates in the UK since 2015. The company has strong ESG credentials, which are central to its investment philosophy.

The selection process was supported by LCP partners Dan Mikulskis and Rob Guthrie.

The appointment underscores Clara’s readiness to conduct its first transactions and welcome its first members once it completes regulatory assessment. For Kempen, this appointment represents a significant milestone in the continued growth of its UK business. Today’s announcement demonstrates the importance of strong governance and joined-up investment implementation in delivering the benefits of Clara’s model.

Source: Clara-Pensions