Should you be saying no to your FRS17 pension report?
Tags: Pensions | Audit and accountancy
David Davison
Head of public sector, charities and not-for-profit, Spence & Partners
David is a director at Spence & Partners Actuaries and Dalriada Trustees.
He performs the role of a professional pension scheme trustee and specialises in providing pensions advice to charities and not-for-profit organisations, especially those who run their own final salary schemes or who participate in the LGPS and multi-employer schemes.
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Yes and no are not the only options available when it comes to FRS17 pension reports, says David Davison.
Charities could be responsible for 'orphan' pensions liabilities, born from unconnected organisations. David Davidson offers his advice to prevent an outcome as seen in the Wedgwood case.
Tory peer Lord Flight has called for charities to be exempt from the Pensions Act 2004 "last man standing rule”, in order to protect charity assets from being sold.
Changes which could help charities cope with pension deficits are on the radar, but would require further government consultation, says David Davison.
The High Court in Birmingham has ruled that a 10,000-piece pottery collection housed in the Wedgwood Museum will be made available to pay off creditors seeking funds for a £134m pension shortfall.
Blogs
World peace, an end to hunger and some pensions common sense - my wishes for 2012
Tags: Pensions
Regular pensions blogger David Davison makes his pension wishlist for 2012.
There's no sense in burying your head in the sand when it comes to pensions, David Davison says, the sooner the matter is broached, the fewer the implications.
David Davison explores the extras you could be paying if you're a charity worker in a multi-employer defined benefit pension scheme.