Finance News: Commission seals its approved list of financial receivers

The Charity Commission has created an approved list of 40 receivers and managers in England and Wales that it can appoint to take control of ailing charities.

The list was devised following a review of the way the commission appoints receivers and managers, which highlighted a need for them to be appointed more quickly to get charities back in action sooner.

The commission said the approved practitioners demonstrated the necessary expertise, had signed up to a code of practice, and agreed fees. A list of approved intermediaries that receivers and managers can call on has also been drawn up.

Director of operations Simon Gillespie, said: "Charity money pays receivers' wages, so we have a duty to see that charities get best value for money."

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