Charities 'almost four times less likely to go bust than for-profits'

Charities 'almost four times less likely to go bust than for-profits': Charities and other not-for-profit entities are almost four times less likely to go bust than commercial organisations, data published by the Pension Protection Fund indicates.

The PPF levies money from employers to ensure employees in defined benefit pension schemes still receive most of their pensions in the event of insolvency.

It has published the insolvency figures as part of a consultation into how it should assess contributions.