Pension deficit is only dent in CIPD cash pile

Pitcher, Greg
November 2008
Personnel Today;11/4/2008, p4
Trade Publication
The article offers information on the Chartered Institute of Personnel & Development (CIPD) annual report which reveals a steep increase in pension liabilities that has wiped £5m off the value of the CIPD in 12 months. The body's defined benefit pension scheme is now a £7m blot on its otherwise sparkling balance sheet. A CIPD spokesman said that they had a very good year. Income is up 10%, commercially they are performing well and membership is growing.


Related Articles

  • Investing in the future. Bainbridge, Jane // Marketing (00253650);6/16/2010, p30 

    The article discusses the challenges of pension companies to sell their products due to the tough economic situation in Great Britain. It highlights the figures released by the Chartered Institute of Personnel and Development which show that only 36 percent of the private sector workers have...

  • Spotlight on pensions Maines, Laureen A. // Business Horizons;Mar2008, Vol. 51 Issue 2, p105 

    Abstract: Pensions represent a significant financial burden for many companies and a critical source of retirement income for employees. Accordingly, it is important that corporate financial statements transparently present information about the financial health and consequences of pension...

  • Pay our members' dues. Jones, Ceri // Employee Benefits;Mar2006, p31 

    The article reports on the effects of accounting standard Financial Reporting Standard 17 on pensions landscape in Great Britain. Employers must be more vigilant when it comes to pensions contributions due to the reporting standard. Pension costs rise due to increased life expectancy and putting...

  • Chicago, Cook County Pensions Deteriorate: Report.  // Investment Management Mandate Pipeline;5/22/2013, p8 

    The article offers statistics and discusses the implications of the Civic Federation of Chicago's annual review that was released on May 21, 2013, implying a heavy strain on local government balance sheets if pensions are not reformed. It cites the worsening of the pension systems' fiscal...

  • Air Canada CFO uses video to try to ease concerns. Inklebarger, Timothy // Pensions & Investments;6/1/2009, Vol. 37 Issue 11, p8 

    The article reports on Air Canada which posted a C$400 million net loss in the first quarter of 2009, compared with the 2008 first-quarter loss of C$288 billion. The company's C$9.7 billion pension plan is about 67% funded and has a shortfall of C$3.2 billion, as of December 31, 2008, compared...

  • From benefit to liability. Harris, Shaun // Finweek;12/21/2006, p81 

    The article focuses on the risks associated with the defined benefit retirement funds. Companies that are operating this retirement fund with high equity exposure face the daunting prospect of an unchanged pension liability. The assets backing the liability will decrease in value. This condition...

  • Mercer Notes Pension Funding Decrease in February. McGuinness, Kevin // Plan Sponsor News;3/1/2014, p113 

    The article reports on the decrease in the pension plans at human resources consulting firm Mercer sponsored by S&P 1500 companies to 87% in February 2014. It mentions that the decline was caused by adjustments upon information published in year-end financial statements according to an analysis...

  • 2002 crunch year for pensions. Taylor, Chris // People Management;2/21/2002, Vol. 8 Issue 4, p11 

    Reports on the concerns of the Chartered Institute of Personnel and Development (CIPD) in Great Britain. Advice of the CIPD for reward managers with responsibility for defined benefit schemes; Concerns of company finance directors; Factors that could lead to changes in pension arrangements.

  • PRAISE FOR PENSION PLAN.  // People Management;7/25/2002, Vol. 8 Issue 15, p10 

    Reports on the reaction of employers to the plan of the British government to simplify pensions in 2002. Views of the Chartered Institute of Personnel and Development on the plan; Information on the proposals of the 'Pickering Report,' from the British government.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics