Charities 'need to consider new legislation'

Many charities have not yet taken into consideration the affect legislative changes due to be introduced in 2012 will have to their operations.

This is according to new research from the Association of Chief Executives of Voluntary Organisations (Acevo), which revealed that nearly three-quarters (73 per cent) of charities questioned have yet to assess how the alterations will impact their pension strategy.

Those involved with charity banking may be interested in the figure, which represents a slight improvement on that collected in November 2008, when 84 per cent of those questioned had not given the new rules any thought.

Policy officer at Acevo Nick Carey said that although the findings are ’encouraging’, more still needs to be done.

’There are still too many organisations which are either not aware of the reforms or have not adequately planned to meet them,’ he remarked.

The Wall Street Journal recently noted that charity investing has become ’more efficient’, in spite of the current economic climate.ADNFCR-2318-ID-19561051-ADNFCR