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Alistair Russell-Smith: After years of pain, cost and liability from DB schemes, charities could potentially start viewing their schemes as an asset rather than a liability.
Charity defined benefit (DB) schemes have seen funding levels rise to 104% on an FRS102 basis and 83% on an insurance buyout basis, latest analysis from Spence & Partners shows.
The advisory firm's inaugural Spence Charity DB Pensions Benchmarking Report analysed the accounts of 50 charities in England & Wales with larger DB schemes and with year ends between 30 April 2022...
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