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C of E refutes 'totally incorrect' pensions article

04/11/2009 10:55:00


The Church of England has reacted strongly to a Financial Times article suggesting that Vicars’ pensions are under threat. Links to follow after the cartoon:

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The Church of England press release is here: Response to 'misconceived' article in Financial Times regarding the clergy pension scheme

An article in today’s Financial Times, headed ‘Vicars’ pensions under threat as church is seduced by equities cult’, is misconceived and fails to take adequate account of the scheme’s relative age compared to other schemes, says Dr Jonathan Spencer, Chairman of the Church of England Pensions Board.

Press reports have included the one in the FT ( Vicars' pensions under threat as church is seduced by equity cult), along with those in the Telegraph (Church of England considers cutting pension benefits for clergy after equities bet), The Times (Church of England clergy may work until 68 to fight pensions crisis) and Daily Mail (Church of England squandered clergy pensions in 'reckless' stock market gamble).


You'd have thought that some of the money could have gone on a projector to replace that old OHP :-)

David Derbyshire | 04/11/2009 20:21:34




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