The pensions maze
Lucy Tusa examines the recent issues surrounding charity pension fund liabilities and suggests some solutions
The period since the collapse of Lehman Brothers in September 2008 has been extremely difficult for charities. Deposit interest rates have dived, rental income has fallen as the recession bit and historically secure sources of dividend income such as UK banks and BP have failed to deliver. Recent letters to broadsheet newspapers have also highlighted again the issue of donations to charities possibly being used to fund deficits in the charity’s defined benefit pension scheme.1
Author: Lucy Tusa
Lucy Tusa is a consultant at Mercer



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