Posts Tagged: charity pensions

Pensions: the dormant volcano?

George Osborne indicated during the comprehensive spending review that he expects to take up most of the recommendations in Lord Hutton’s interim report on pensions, published earlier this month. Hutton’s review, commissioned by Osborne earlier this year, admitted in effect that the government could not afford its pension debts, and recommended steps to reduce costs…. Read more »

Small charities and staff pension schemes do not mix

Small charities and staff pension schemes do not seem to go well together. Too often, when combined, they lead to disaster, particularly for the trustees. A good example of this is Hirwaun YMCA, a small charity which, many years ago, hired two people without realising it was opening itself up to a large future pensions… Read more »

Many charities don’t realise how bad their pension problems really are

A few recent stories highlight the impact of the wider pensions crisis on the charity sector. The combined pensions deficit of the 20 largest charities is around £720m, according to a study by Alexander Forbes. And last week, two pensions specialists who advised charities in the Scottish Voluntary Sector Pensions Scheme – a multi-employer scheme… Read more »