Charity Benchmarking Report 2021
DB pension funding in the charitable sector
17 Jun 2021
The COVID-19 pandemic has placed charities under significant financial strain over the past year, with fundraising and retail income particularly badly hit. While charities are preserving cash, their DB pension schemes continue to require substantial funding.
On top of this, charities need to start planning for a new DB funding regime, which requires more prudent funding targets and quicker repayment of deficits. There is a delicate balancing act between ensuring the sustainability of charities and funding pension deficits.
Some of our key findings are:
How should charities respond?
- Plan triennial actuarial valuations in the aftermath of COVID-19
- Adapt funding plans for the new forthcoming DB funding regime
- Managing multi-employer scheme exposures
Download our report to read the full findings. If you have any questions about anything covered, please get in touch.
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