THE global pandemic has brought pensions professionals in the charity sector closer together to share industry knowledge and best practice through the Charities Pension Club, the third sector’s only industry membership group specific to the pensions market.
Founded in 2016, the Charities Pensions Club, known as ‘the CPC’ has entered its fifth year supporting charities across the UK.
What is the Charities Pensions Club?
In response to growing demand, Gareth Hopkins, Director of GJH Pensions, formed a small group of charities to meet and discuss topical pensions matters. Five years on, the CPC has grown significantly, with a total membership now of around 15 charities.
CPC membership includes some of the UK’s stellar charities, including Action for Children, Age UK, Mencap, Save the Children and Wellcome Trust, to name a few. Members meet several times a year to understand industry trends and share ideas – delegates also keep in touch throughout the year, virtually, through the CPC e-mail group.
How do CPC Members Benefit?
2020 has been a turbulent year for all, including charities – it is estimated that the third sector expected a loss of £12.4bn because of the COVID-19 pandemic. This five-year landmark is an opportunity to raise the CPC profile and offer charities affordable pensions support during uncertain financial times.
Charities have access to the latest industry pensions knowledge through peer discussion and presentations from high profile guest speakers – helping their organisation become more competitive. 2021’s speakers will be CMS and Isio.
Neil Smith, Partner at CMS, said:
“CMS is able to utilize its considerable experience of advising in the charities and not-for-profit sector to assist CPC members in keeping up to date with market trends and best practice and generally providing invaluable support to CPC members.”
Jen Norris, Senior Manager at Isio, said:
“Charities are feeling the pinch between falling donations and upwards pressure on pension costs. Every situation is unique, and Isio’s charity clients overcome these challenges in a variety of ways. I’ve seen first-hand how the CPC provides an opportunity to share ideas and experience, and we’re delighted to continue our support.”
CPC members really value the opportunity of networking with their peers. Nick Wood, Pensions Manager at Action for Children, said that the CPC is:
“An invaluable forum for sharing ideas and experiences with particular relevance to the charity sector. Subjects are determined by the members, and discussions are always informal and open, which leads to some great contributions from peers.”
Mira Mohideen, Head of Pensions & Benefits at the Royal Mencap Society, added:
“Attending the CPC meetings gives you the opportunity to network with your peers and exchange ideas, which helps keep fees down.”
Gareth Hopkins, Director of GJH Pensions, is encouraging pension professionals in the charities sector to join the CPC to share their experiences and learn from their peers.
“Charities are central to the CPC with meeting agendas bespoke to member needs. In this regard, members lead on agenda items and discuss topics relevant to them. Members appreciate the structure of the CPC – that is, membership is made up of industry peers and is not ‘consultant-centric.
“The Charities Pensions Club is the perfect opportunity for pension specialists in the charity sector to network with peers and help your charity stay ahead of the pensions curve.”
More information about the CPC, including current members and testimonials, can be found on the Charities Pensions Club website at: www.charitiespensionsclub.com.
CMS is a top 10 global law firm whose pensions team has been ranked top in the Legal directories for 12 consecutive years and was awarded Pensions Law firm of the Year in 2020. CMS has been a supporter of the CPC for the previous four years and provides members with a pensions legal update – feedback from members tell us that charities value staying abreast of the latest pension developments through our expert partners.
Isio is a leading UK pensions advisory firm that combines actuarial expertise, third party administration, investment consulting and defined contribution specialism to deliver better outcomes for pension scheme sponsors, trustees and members. Isio, formerly KPMG’s UK pensions practice, was launched in March 2020 to apply its years of experience with a new approach and way of thinking. Isio aims to deliver clearer, simpler pensions and investment advice in a more personal way, backed by technical expertise and underpinned by proprietary technology.
Charities can attend their first meeting free – the next Charities Pensions Club will be held virtually on Thursday 22 April.
For more details on the Charities Pensions Club, please contact Gareth or Chloe.
07446 148 537
07504 855 972