Chartered Institute of Management Accountants

03 April 2006

CIMA chief executive Charles Tilley will tell finance directors at the Chartered Institute of Management Accountants’ ‘Pensions – Managing Business Risk’ conference on 6 April that “Pension fund assets and liabilities have the potential to dominate the rest of the balance sheet.”

“Given the risk profile of equities” Mr Tilley will continue, “Failure to manage or mitigate their risks could have a major detrimental effect on a company’s ability to implement its future strategy.  That is high up on the list when it comes to the things that keep the CEO awake at night.”

As part of CIMA’s drive to help finance directors manage these risks, Mr Tilley will announce the formation of a CIMA Pensions Advisory group. The multi-disciplinary group, which will hold its inaugural meeting in May 2006, will develop a road-map of options for managing the corporate risk of pensions. The group includes Professors Blake and Haberman from the Pensions Institute at Cass Business School; Charles Cowling, Worldwide partner, Mercer HR Consulting; a number of Chairmen and Trustees of major pension funds; and a number of Finance Directors from the FTSE100 and FTSE250.

The CIMA ‘Pensions – Managing Business Risk’ conference will run in conjunction with the Cass Business School. For more information about CIMA conferences, visit CIMA’s website at: http://www.cimaglobal.com/.

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For further information, please contact:

Lynda Hardy Maskell
Chief Press Officer, CIMA
+44 (0) 20 8849 2347
lynda.hardymaskell@cimaglobal.com

Notes to editors

1. CIMA (the Chartered Institute of Management Accountants) is the only international accountancy body with a sole focus on business.  It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business, in both the private and public sectors. It is the fastest growing UK based accountancy body, in terms of members, in both the UK and worldwide and is the voice of over 85,000 students and 65,000 members in 158 countries.  CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body.  CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually to reflect the latest developments in global business.  It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy.  For more information about CIMA, please visit http://www.cimaglobal.com/

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