Third of charity pension deficits 'larger than reserves'

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NEARLY a third of charities with final-salary schemes have deficits greater than reserves, research indicates.

A joint survey by First Actuarial and Chantrey Vellacott DFK revealed that 32pc of charities with final-salary pensions had deficits that surpassed current funds. A further 18pc had deficits of mor...

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