Money matters: pensions data, community shares issues and mutual organisations in Wales

David Ainsworth's round-up of what's happening in the finance world

Charities will save hundreds of thousands of pounds a year because of a change in the way pensions data is collected, according to the Pensions Trust. The Pensions Protection Fund, the state-sponsored insurance scheme for direct benefit pensions, said last month it would collect data from the Charity Commission instead of from individual charities. Logan Anderson, head of customer relations at the Pensions Trust, said its housing association clients had already made large savings after a similar decision.

Senscot, the network for social entrepreneurs in Scotland, is seeking Scottish organisations that use community share issues in order to help it develop legal templates for such issues. It wants community share issues, which allow ordinary people to own community businesses jointly, to be easier and more effective in Scotland.

The Welsh Assembly has formed a new working group to support mutual and cooperative organisations. The cross-party group of eight assembly members will support the growth of cooperatives and the credit union movement in Wales.

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