Archives for posts with tag: Trustees

Good management of a charity’s finances and other assets enables it to succeed in delivering its charitable aims.

To achieve this, trustees must properly supervise their resources and satisfy themselves that they have:

  • realistic funding plans and strategies
  • effective management controls and systems
  • planned for their charity’s assets and resources to be used in the best possible way for their beneficiaries

Getting this right can be very rewarding. It shows the valuable and visible results of a trustee’s commitment to their charity, beneficiaries and supporters. The Commission recognises the commitment that this requires of trustees, and the challenges they can face in serving their charities well. Trustees can delegate tasks to suitably qualified staff and/or volunteers but, whatever the arrangements, proper oversight and monitoring are vital.

Charities vary greatly in size, scale and how they operate and so trustees must decide what is reasonable, proportionate and appropriate for their charity. While common legal duties apply to all charities, how trustees interpret good practice will depend on individual circumstances.

As the charity regulator, the Commission expects trustees to take their responsibilities seriously. Trustees are not expected to be perfect – they are expected to do their best to comply with their duties. The Commission recognises that most trustees are volunteers who sometimes make honest mistakes: where they have acted honestly and reasonably, they are generally protected under the law.

 

Source: *Charity finances: trustee essentials – GOV.UK

*Contains public sector information licensed under the Open Government Licence v3.0.


Charity Commission publishes case reports into Success for All Foundation and Gosling Sports Park

Source: *Commission case reports examine financial resilience – Press releases – GOV.UK

 

Contains public sector information licensed under the Open Government Licence v3.0.

 


Original post from Herald Scotland

‘……………By Tom Gordon, Martin Williams

MSP FIONA HYSLOP AT THE SCOTTISH PARLIAMENT, EDINBURGHPHOTO STEWART ATTWOOD

MSP FIONA HYSLOP AT THE SCOTTISH PARLIAMENT, EDINBURGH PHOTO STEWART ATTWOOD

THE BBC fails to satisfy audiences and doesn’t reflect Scotland, the culture secretary said yesterday.

During a debate on BBC charter renewal, Fiona Hyslop called for a “a bold and radical alternative to the out of touch structure and decision making of the BBC”.

There were also calls for Scotland to be given control of broadcasting, as well as the creation of a Scottish Six O’Clock News.

Former culture minister Linda Fabiani said: “Of course Scotland should control its own broadcasting, of course Scotland should be an independent nation.

“We have to move forward in every way we possibly can to get Scotland to achieve that independence and broadcasting is crucial to that, we recognised that in 2007 when we became a minority government.”

However, Hyslop said the Tory government in London “ain’t listening” on the issue.

She added: “The BBC is barely playing catch up with devolution, let alone leading from the front, and they know it. Their news and current affairs does not satisfy the audience, with over 50 per cent saying it doesn’t reflect Scotland properly.

“We propose a federal structure for the BBC, for governance, editorial and management and commissioning, internal transfers of decision making and budgets can and should happen.

“Scotland needs a better service from the BBC, Scotland demands a better service from the BBC and Scotland must have a better service from the BBC.”

East Dunbartonshire MP John Nicolson, a former BBC presenter, said the once-a-decade charter renewal process was a “golden opportunity…to change the BBC”, adding: “We have a chance to shape it, and we’re demanding some changes.

“We want to see the full devolution of broadcasting to Scotland, we need more investment, we need more jobs, we need a separate Scottish six o’clock news.”

Edinburgh activist Doug Thomson said the BBC was at the heart of much of civic life, but “in recent times the Beeb has lost its way” and remained “London-centric, metropolitan and lacking in accountability to the people of Scotland”.

He said: “The BBC isn’t broken but it isn’t fit for purpose, and instead needs to be rehabilitated. It is time for Scotland to have full control over broadcasting.”

The debate came a day after an angry fringe meeting in Aberdeen at which delegates repeatedly complained of BBC bias during the referendum, and walked out complaining that BBC Scotland commissioning editor Ewan Angus hadn’t answered their questions.

Meanwhile, the Sunday Herald has learned that the complaint that former BBC political editor Nick Robinson was biased in his news reports over a spat with then First Minister Alex Salmond at an independence referendum press conference has been finally quashed by the broadcaster’s governing body.

The BBC’s Glasgow headquarters was besieged by up to 4,000 Yes Scotland supporters amid claims that the journalist had been biased in favour of the No campaign and had “heckled” Salmond during the press conference on September 11, last year.

The BBC Editorial Complaints Unit (ECU) has concluded that Robinson’s reports of the conference on News at Six and News at Ten on BBC One which said Salmond did not answer a question put to him relating to tax implications of a possible relocation of RBS to London in the event of a Yes vote gave an inaccurate impression but did not amount to an intentional attempt to mislead and that there was no bias.

But complainers appealed that stance, saying the reports ignored Salmond’s seven minute response to Robinson and that footage was edited in a way that was biased against the former First Minister.

A review by trustees over one complaint that the reports went further than just being misleading has been thrown out and the BBC Trust has confirmed no further action is being taken on the complaints.

The complaint said that it went to the “very heart of BBC impartiality and balanced reporting and it is important if the BBC’s integrity is to be maintained”.

But the BBC Trust’s Complaints and Appeals Board panel agreed that a final appeal was “out of time” as it came beyond a 20 working day period stipulated in the complaints procedure and it would be a “disproportionate use of resources” for the ECU and the trust committee to consider the matter again.

“The panel did not consider that it was appropriate, proportionate or cost effective to take this matter on appeal as it did not raise a matter of substance and it did not have a reasonable prospect of success,” said a report on the review.  …………..’


Original post from The Pensions Regulator

‘..

Pensions are changing. From April 2015, pension scheme members can access their pension savings in new ways. Pension scammers will try to lure members with promises of one-off investments, pension loans or upfront cash. Most of these are bogus.

Pension scam models are also changing. Many scammers are directing members to transfer into single member occupational schemes in an attempt to escape scrutiny.

If the member is under age 55, they cannot release their pension unless they are in ill health. If members are over 55, they can release funds from their pension from April 2015. They may still be at risk from scammers.

Business advisers

How pension scam models are changing and resources to help you to protect your members:

Trustees

How pension scam models are changing and resources you can use when communicating to members:

Individuals

For pension scheme members – how to spot a scam and protect yourself:

 

Pension Scams Don’t get strung Action pack for trustees and administrators

Latest scorpion campaign urges members to ‘scamproof your savings’

Pension scheme members are being urged to ‘scamproof’ their savings for the scorpion campaign update, launched earlier this week in partnership with other regulators and government partners.

The campaign offers advice for savers on how to spot a scam, and what to do if they are contacted by a suspect organisation. It also calls on trustees to encourage members to contact Pension Wise, the new government service aimed at helping those approaching 55 to understand their options.

Materials aimed at trustees and administrators include an action pack containing a checklist of common tactics used by scammers and points to a new code of good practice that sets out due diligence processes to combat pension scams.

landing-page-scorpion

New – draft essential guide to pensions flexibilities 

Members of DC schemes will have more options as to how they take their retirement income from 6 April 2015. There will also be changes to the disclosure of information requirements from this date that mean trustees will need to change what they tell members as they approach retirement. 

We’ve produced a draft essential guide to the changes, which also includes example wordings for generic risk warnings and an example good practice process for trustees and managers to follow when their members are approaching retirement.

Read the guide now.

Scheme list consultation published

At the end of last year we issued a consultation on whether or not to publish a list of pension schemes available to all small employers for automatic enrolment. Here is our response.

Although a lot of the responses to the consultation supported the proposal, concerns were expressed that it would be difficult to set objective criteria for acceptance on the list, how the list would be monitored, and that publishing it could lead to a contraction in the scheme advice market. Because of these, and other challenges that have been raised in the context of proposed new legislation setting minimum governance standards for defined contribution pension schemes, we decided not to pursue the proposal for the time being, but will keep it under review.  

DC charge cap – using the adjustment measure

Changes to the law from 6 April 2015 mean that trustees of defined contribution (DC) schemes who, despite their best efforts, are unlikely to be able to comply with new regulations on scheme charges for default arrangements may be able to use something called an ‘adjustment measure’. This involves:

  • allocating future contributions to a default arrangement in the scheme which is compliant with the charge cap, or
  • no longer accepting contributions for members of a default arrangement that does not comply (which may entail closing the scheme).
In either case, members can be given the option of remaining in the non-compliant arrangement. This measure may only be used before 6 October 2015, except in exceptional circumstances, and trustees should take advice on how the charge cap applies to their scheme and the steps they must take if they wish to use it.

 

 

 

 

 

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