Britain's charities are facing a pensions crisis

Britain’s charities have been slow to reform their pensions, with potentially disastrous results. Simon Wilson reports.

What's going on?

Britain's charity sector faces a looming pensions crisis, as many struggle to square their growing liabilities to pension-scheme members with falling fund values and shrinking incomes. Northern Irish charity Spirit of Enniskillen set up in 1989 after the IRA bombing is being wound up after its liabilities overwhelmed it recently. And last December another small charity, People Can, went under because its deficit jumped from £11m to £17m, while the value of its main asset, a Liverpool arts centre, fell to £6m.

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