RegulationAccounting StandardsCIMA sets up pensions advisory group

CIMA sets up pensions advisory group

Group will address risk management issues

The chairmen and trustees of some of the UK’s major pension funds, as well as
academics and finance directors from FTSE 100 and FTSE 250 firms will make up a
new pensions risk advisory group set up by the Chartered Institute of Management
Accountants.

According to CIMA, the group’s remit will be to ‘develop a checklist of
issues to be considered in managing the corporate risk of pensions and explore
areas for further research’.

Among its first tasks will be to consider how boards can better understand
and manage the risks arising from defined benefit pension schemes.

The group is supported by the Cass Business School and held its first meeting
on 4 May.

The group is chaired by Mike Samuel, chairman of the Rank Group and Unilever
pension funds. Other members include Harry Byrne, CIMA past president and
Douglas Flint, finance director from HSBC.

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