Wednesday, October 20, 2010

Top 5,000 charities have combined pensions deficit 'worth �1.66bn' - Third Sector

Top 5,000 charities have combined pensions deficit 'worth �1.66bn' - Third Sector: "Wellcome Trust, Nuffield Health and Barnardo's face biggest shortfalls, says website Charity Financials

The country's largest 5,000 charities listed a combined pensions deficit of �1.66bn in their most recent accounts, according to research from charity data website Charity Financials.

The site found that 522 of the top 5,000 charities operated a defined-benefit pension and these groups had seen their pension deficits rise by"

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