The pensions industries nationally have had a hard time over recent years. Many schemes for national organisations and businesses have had to be completely re-aligned because of the costs of running them, and the CofE is in exactly the same situation.
- Clergy have been promised in the past that 'they would be looked after in retirement'
- Pension schemes are moving towards putting between 40-50% of stipend into pensions
- Parishes cannot continue to give such accelerated increases in giving for ever