Charities 'failing to assess impact of new legislation'
Charities
18th January 2010
Nearly three-quarters (73 per cent) of UK charities have failed to address the potential implications of legislative changes coming into force in 2012 on their pension arrangements, new research shows.
The study by employment benefits adviser Foster Denovo and the Association of Chief Executives of Voluntary Organisations (ACEVO) reveals that the proportion of such organisations unaware of the alterations fell from 16 per cent in November 2008 to 12 per cent in the same month of 2009.
Over the course of the 12 months, the number of charities that have not assessed their pension strategies to prepare for the new laws has dipped from 84 per cent in November 2008, although 49 per cent have now considered the approach they plan to adopt ahead of 2012.
ACEVO policy officer Nick Carey commented: "The third sector must ensure it works on this complex issue and not leave it too late, forcing it to act reactively rather than strategically."
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