All Charities articles
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NewsUse dashboards preparation to cut admin costs, charities urged
Spence & Partners reports that charity DB schemes are approaching full funding – but costs are rising, meaning more efficiencies are needed.
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OpinionCharity schemes are stronger when working in partnership
Charity DB schemes have experienced a similar positive journey to private sector peers in recent years. Charities Pensions Club director Chloe Scragg explains the challenges they still face and how they are tackling them.
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NewsHow to get pension schemes investing in productive assets
The Pensions and Lifetime Savings Association (PLSA) has set out a series of actions for government to make key areas of productive finance more investable for pension schemes.
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NewsCharity DB schemes approach full funding
Funding levels at charity defined benefit (DB) schemes have improved substantially over the past five years, according to new data.
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NewsCharities sector sees funding level improvement
The combined reserves of the largest 40 charities in England & Wales that sponsor defined benefit (DB) pension schemes rose to £49bn in 2022 from £40bn in 2021, according to analysis published in a report by Hymans Roberson.
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NewsBespoke funding route could save charities 65% in cash contributions
On the go: Charities could cut their defined benefit cash contributions by between 35 and 65 per cent if they opt for the bespoke option over the fast-track route in the new DB funding code, according to analysis by Hymans Robertson.
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News
Aviva Investors increases engagement activity in 2020
On the go: Aviva Investors has increased its engagement with companies it invests in, with a 16 per cent hike in resolutions voted during 2020, its annual responsible investment review shows.
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NewsEmbattled charities face pensions no-win situation
Embattled charities face pensions no-win situation With charities being crushed by the pandemic-led financial crisis, the situation of their defined benefit schemes has become even more precarious, with some organisations not being able to afford future pension liabilitiesEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, ...
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OpinionHow the pandemic drove financial innovation
One of the few positive side effects of crises is that they drive spectacular examples of innovation.
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News
UK charities paid £686m in management fees in 2020
On the go: UK charities spent £686m on investment management fees and advice during 2020, according to analysis from Tribe Impact Capital.
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OpinionPension funds set to play a bigger role in solving homelessness
Institutional investors have an opportunity to play a role in delivering a lasting solution to homelessness, a social issue that affects more than 300,000 people in the UK and is set to only get worse as the coronavirus pandemic continues to take its toll on the economy.
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News
Charity participants in LGPS face going concern issues
An Institute of Chartered Accountants of Scotland report laying out guidance for charity trustees on going concern has prompted a second look at their participation in the Local Government Pension Scheme, with experts warning that many could face crippling debt payments as they run out of members.
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OpinionNot-for-profit sector schemes should consider more specialist approach
Part of the distinct nature of the current pandemic, and one that separates it from many other historical crises, is how differently it has affected different sectors of the economy.
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News
Charities suffer under the strain of DB scheme deficits
On the go: Three-quarters of charities have defined benefit schemes in deficit, adding extra strain to a sector already hit hard by coronavirus, according to a new report by Hymans Robertson.
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News
Music charity leaves Teachers’ scheme to offer benefits symphony
A hike in employer pension contributions has prompted a Birmingham-based charity to leave the Teachers’ Pension Scheme, using the savings from that decision to extend its benefits offering.
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News
Accounting rules change could see charities leave multi-employer DB
On the go: Charities participating in multi-employer defined benefit schemes will have to disclose their individual liabilities, which could lead to these organisations opting to leave and setting up their own final salary plan, an expert warned.
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News
Former charity chief pleads not guilty in £250k fraud
On the go: The former head of a charity for the disabled has pleaded not guilty to defrauding the charity’s pension scheme at a hearing at Winchester Crown Court on Tuesday.
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Features
UK charities feel strain of DB scheme funding
Data crunch: UK charities are feeling the strain of defined benefit funding – with the average FRS102 pension deficit equalling almost a fifth of unrestricted assets across the 40 largest charities by income in England and Wales.
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NewsCharity blames insolvency on pension costs and local govt rules
A charity in Northern Ireland has announced it is closing this month, citing pension costs and a lack of flexibility in the region's local government scheme as the reason behind its insolvency.
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NewsGMB members accept revised pension offer from Historic Royal Palaces
Staff working for Historic Royal Palaces have accepted a revised offer on pension provision, ending months of dispute between the independent charity and the GMB trade union over the closure of their defined benefit scheme.