Filter news by:

Major UK charities are feeling the pinch of pension liabilities (charitiesdirect.com)

26 October 2010

In Brief:
New research from Charityfinancials.com has revealed that of the top 5,000 UK charities, 522 have a pension liability totalling £1.66bn.

Taken from Charitiesdirect.com. Click here to read the article in full.

FRP Advisory comments:

"An insightful article. To re-emphasize the risks of the ‘financial time bomb’, we have recently advised a leading charity about its pension deficit. In this work, although ultimately the charity could not avoid insolvency, a number of alternatives to insolvency were considered. Whilst these alternatives were inappropriate for restructing the charity we were advising, they represent realistic solutions for any charity with a pension deficit that threatens to render it insolvent. There are solutions to this all too common issue that allow a charity to avoid an insolvency process; however a key factor in any successful outcome is recognition of the issue and seeking restructuring advice in a timely manner."

Jason Baker

To find out more how we can help you and your business, please contact us using the online form below.



Please enter the words you see in the box below, in order and separated by a space. Doing so helps prevent SPAM. Need help?

Navigation
Print this page Forward this page to a business colleague add to favourites
Share with Twitter Share with Facebook Share with Linkedin
Follow us:

FRP Advisory LLP is incorporated in England and Wales under the Limited Liability Partnerships Act 2000 as a Limited Liability Partnership. Partnership Number: OC355680.

Registered office: 10 Furnival Street, London EC4A 1AB. A list of members’ names is open to inspection at this address.

Locations: East Midlands, Eastern Region, Kent, London, North, Northern Home Counties, South West, Sussex, West Midlands

www.frpadvisory.com