Many UK charities will have received some unwelcome news in the opening months of 2015 from their local government pension providers. While the funding position overall appears to have deteriorated, the change is not considered material enough to alter the underlying contribution rates. However, there is a sting in the tail for smaller charities in particular. Read more on Not a happy start to 2015 for charity pension schemes…
Posts Tagged: pensions
Pension risks: time to take a stand
More charities are seeking alternative ways to generate income. Gone are the days when the third sector was solely reliant on unsuspecting parties agreeing to donate “just two pounds a month”.
The government has slashed public sector spending, including the budget of local authorities. At risk of oversimplifying matters, local authorities have responded by outsourcing some of their services to charities and the private sector. Many charities have gone into public sector outsourcing blind; which in time could prove horrifically costly. Specifically, I am referring to the pension risk that can conveniently transfer to the contract-winning charity. Read more on Pension risks: time to take a stand…