Greenhouse gas emissions produced by UK 'falling'

News Article - 01 December 2006
Category:

The Chartered Institute of Management Accountants (CIMA) has released a report offering guidance on how to manage the corporate risk of pension schemes.

UK businesses are now thought to have liabilities of around £750 billion from their defined benefit pension schemes, according to CIMA.

The report, entitled The Pension Liability - Managing the Corporate Risk, provides chief executives and financial directors with an outline of current regulations as well as the potential risks and explains how companies can manage such risks.

John Coghlan, president of CIMA and member of the CIMA Pensions Advisory Group, said: "Recent developments in regulation, accounting requirements and legislation have emphasised the need for companies to more effectively understand and manage the risks inherent in their defined benefit pension schemes."

He added that the issue should be taken seriously by companies because it could monopolise the balance sheet as make it more difficult for businesses to put strategies into place.

As part of the report, CIMA has developed a checklist of questions for executives to follow, asking questions such as whether directors have considered operational risk and whether they have carried out cashflow modelling of assets and liabilities.

Article keywords:

---

More industry news

• Think tank warns UK may have already slipped back into recession
• Growing demand for HR staff in technology and international sectors
• Boosting business growth a ‘priority’ to avoid Eurozone slowdown
• HMRC launches alternative disputes pilot scheme this week
• December employment statistics disregard gloomy recruitment predictions
• Eurozone manufacturing PMI shows modest improvement
• UK scores highly for economic governance by ratings agency
• Government launches two-year project focusing on manufacturing sector
• Burden of regulation on UK businesses ‘too high’

Back to news home page »