Snowdon Hydro Weir Credit: National Trust John Miller

National Trust to close final salary pension scheme in bid to manage £116m deficit

30 Jul 2015 | Alice Sharman
Tags: Pensions

The National Trust yesterday announced that it is to close its defined benefit pension scheme to future accrual as of 31 March 2016, following negotiations with its trade union.


National Trust to close final salary pension scheme in bid to manage £116m deficit

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International volunteering charity VSO increased its income by 12 per cent over the past year, according to its latest set of accounts.

Regulators to consult on scrapping separate Sorp for smaller charities

Britain’s charity regulators will consult later this month on scrapping a separate Statement of Recommended Practice for small charities, the head of accountancy services at the Charity Commission has said.

New foundation offers free accounting software and £5m annual grants

Accountancy software company Sage has launched a foundation offering two free products to any charity, as well as grants worth around £5m a year, and five volunteering days from each of its 14,000 employees.

Joe Saxton

A poll by nfpSynergy has shown that just one in 17 people asked think charities should save more than a year’s expenditure in reserves, while a third of people favour reserves of less than six months’ spending.

Charity Finance was (and is) a truly proper read for anyone working in this industry. It was like Daniel himself - decent, informative, full of integrity and with a sprinkling of humour to lighten the load.

» Daniel Phelan: Publisher, editor, social entrepreneur, intellectual

Royal Albert Hall

The Royal Albert Hall has announced a record £7.9m investment in charitable activity in 2014 – an 80 per cent rise from the previous year.

Hamish Horton

The Valldata Group, which provides payment solutions to the charity sector, made an operating loss of more than £572,000 for the year ending March 2014 and has since lost several senior executives.

Prostate Cancer UK highest new entry in this year's Charity 250 Index

Prostrate Cancer UK entered at 94 of this year's Charity 250 Index, which was topped by mental health charity Rethink.

Sports Relief 2014

Comic Relief's total income fell in the year to July 2014, compared to 2012, the last year its Sport Relief appeal was held, largely as a result of a decision to sell more than half its investment portfolio pending a review.

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