Clara is a ‘member first’ solution for defined benefit pension schemes. We have a single objective: securing the full pension promise for each individual member as quickly as possible. For schemes joining Clara we accelerate the journey to insuring members’ benefits in full. In our view neither Clara nor the benefits of consolidation should be viewed as the destination. Our only destination is delivering the most secure pension promise to members, and that is through the ‘gold standard’ of insurance. We are proud to have developed a solution that’s not just better for DB scheme members, but also better for the PPF and better for UK business. To date, and for the near future, our focus will remain on working with policy makers, regulators, potential clients, service providers and the wider pension industry to ensure we are providing the best solution we can ahead of a formal launch later this year.