Charity under fire
Rachel Dalton looks at how charities supporting DB schemes are being hit hard by the recession
All defined benefit (DB) scheme sponsors are feeling the effects of the economic downturn. However, the charity sector is under particular pressure from the economic climate, its own demographic, the multi-employer DB regime and reform of the Local Government Pension Scheme (LGPS).
Under pressure Research from Carpenter Rees reveals that 70% of charities are concerned about their current deficit, and 57% have used their reserves to pay their liabilities. The survey of 100...
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