For a third year we have surveyed a cross-section of leaders and decision makers in the UK charity sector. A total of 80 charities, with some £15 billion of investment assets, contributed to the survey.

While what charities consider to be a sustainable withdrawal rate remains unchanged, they are withdrawing less to spend on charitable objectives than in previous years.

Listen to Jeremy Wells, investment relationship manager and author of the survey report, provide an overview of the survey and its findings.