JGP News
A snapshot of some of our most recent work and an insight into some of our ideas on the hot topics and issues that affect the public and not for profit sectors, and how we are responding to them.
Charities ‘face pension pressures’
A significant number of charities could be facing difficulties in regards to their pension schemes, it has been suggested.
In the 2008 Charity Pension Maze report by the Charity Finance Directors’ Group (CFDG), those working for charities were urged to be proactive in the governance of pension programmes.
The group warned that given the current difficulties which are being experienced in the financial markets, groups operating in the third sector may see the values of their schemes drop.
Keith Hickey, chief executive of the CFDG, said: "Pressure is mounting on UK charities.
"The number, range and complexity of pensions issues they are facing is consistently increasing and the risks are getting worse."
He added that it is important for charities to take immediate action in order to secure the future of both their pension programmes and their organisations as a whole.
Such news may be of interest to those charities looking to improve sustainable efficiencies.
A study carried out by the Chartered Institute of Personnel and Development in January revealed that one in three voluntary sector groups offer a final-salary pension scheme to their employees.
It was stated that having such a pension plan available could help charities to attract and retain staff.
More about sustainable efficiencies.
