The following Restructuring & Insolvency guidance note Produced in partnership with Ruth Bamforth of Walker Morris provides comprehensive and up to date legal information covering:
The charities sector in the UK is significant in size. There is a wide range of pension provision across the sector. Many charities are facing financial pressures as a result of a combination of factors including:
increased running costs
a decrease in the amount of giving
There is an increasing trend among local authorities to seek to outsource certain of their services to the private and third sectors. These services often include housing services, elderly care and youth services. Many of these services are taken on by charities and other not for profit organisations. In this note, where we refer to a ‘charity’ we also refer to a ‘not for profit organisation’. However, it is important that any charity which takes on a local authority contract understands the pensions implications. In September 2015 it was reported, for example, that the Multiple Sclerosis Society was to sell a support centre in order to meet costs relating to its Local Government Pension Scheme membership.
This Practice Note considers the particular pensions issues which arise when a charity takes on outsourced services from a local authority. For more detail about pensions, outsourcing and the Local Government Pension Scheme, please see Practice Note: Local government outsourcing—the pension issues. For more detail about charities and defined benefit pension schemes more generally, please see Practice Note: Defined
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.