A groundbreaking two-year commission exploring the potential of civil society in the UK has called for bold action on the sector by government, businesses and funders to help fuel much-needed national recovery and growth. The Law Family Commission on Civil Society, chaired by former Cabinet Secretary Lord Gus O’Donnell, has proposed a range of policy recommendations and initiatives aimed at unleashing the full potential of the charity sector over the next decade – as the UK grapples with the social and economic consequences of the Covid pandemic and the current…
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Law Family Commission on Civil Society report says FCA should make philanthropy advice training mandatory for financial advisors
The Financial Conduct Authority (FCA) should make philanthropy advice training mandatory for financial advisors and introduce regulation to ensure it is discussed with clients, according to a report. New research for the Law Family Commission on Civil Society, carried out by Pro Bono Economics, has called on the FCA to act to improve “the quality and the quantity of financial advice and guidance on philanthropy” in the UK, making four key recommendations. Currently, philanthropy in the UK is worth close to £20 billion annually, but there is an opportunity to…
Read MoreCharity staff paid 7% less per hour on average than workers in the rest of the economy
Charity staff in the UK are paid 7% less per hour on average than workers in other sectors, according to new research. For the first time, new analysis for the Law Family Commission on Civil Societ has quantified the size of the pay gap that has long been recognised between the charity sector and the rest of the economy. The study, carried out by Pro Bono Economics, found that charity sector employees were collectively paid an estimated £1.5 billion less than their counterparts in other sectors in 2019. Meanwhile, recent…
Read MoreBusiness support for small charities a ’rounding error’, averaging just £450
The average business in England contributes just over £450 worth of support to small charities and community groups each year, according to a new study. Research conducted for the Law Family Commission on Civil Society shows that businesses donated services and funds worth an estimated £2.4billion in 2019 to small charities and community groups – equating to around 0.06% of private sector turnover. This includes £1.9bn in financial donations and around £474million worth of pro bono support such as legal services, in-kind donations such as the use of office space…
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