Charities spend 6p on pensions for every £1 of voluntary income, and 6% of their total staff costs are pension-related, according to our study of the top 100 UK charities.
Market volatility and operational disruption are changing perceptions of pensions. Whether they participate in a multi-employer Defined Benefit scheme or run their own, charities have to weigh up the risks against the scheme benefits and their charitable aims.
As with all pension schemes, trustees in the charities sector have a statutory duty to monitor the Environmental, Social and Governance (ESG) characteristics of their investments. For charities, these ethical questions sit at the very heart of their mission.