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£17m pension deficit forces homeless charity into administration

A charity which helps homeless people and victims of domestic abuse has fallen into administration as a result of its historic pension liabilities.

PricewaterhouseCoopers has been appointed as administrator of People Can, previously known as the Novas Scarman Group.

The charity has over 250 staff, volunteers and partners supporting communities and individuals that have experienced homelessness and domestic abuse, as well as providing rehabilitation for ex-offenders.

Programmes are run across the UK, predominantly in London, Bristol, Somerset, Liverpool and Brighton.

A PwC spokeswoman says the charity’s deficit currently stands at around £17m.

PwC director David Hurst says: “Our immediate priority is to safeguard the excellent services that People Can provides across the UK.

“The local authorities that outsource contracts to the charity were informed of the precarious position early last week and were asked to seek successor providers as a matter of urgency. We are continuing to work with them very closely to ensure a smooth transition of these services wherever possible.”

PwC head of charity advisory Ian Oakley-Smith says: “Charities are currently facing a tough environment in which to secure funding for their services.

“These pressures are exacerbated for those charities with defined benefit pension schemes which require further funding. In these instances some trustees are facing an increasingly difficult task in balancing their obligations to their beneficiaries and former employees.”

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Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. It’s a shame the £107m deficit hasn’t forced the FSA into administration!

    That’s the difference when you have a seemingly bottomless pit of cash to call on in the form of fines and levies from the industry you allegedly regulate.

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