MLIM and Unilever reach settlement

clock •

UK - Merrill Lynch Investment Managers (MLIM) and the Unilever Superannuation Trustees today announced that they have resolved all issues between them concerning the management of the Unilever Superannuation Fund during a 15 month period in the 1990s.

Mercury Asset Management (MAM) ran the UK equity portion of the Unilever fund. MAM was bought by MLIM in December 1997. Unilever Superannuation Fund was suing MLIM for £130m for alleged negligence ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on United Kingdom

United Kingdom

Solar subsidy cuts to hit liability matching strategies

UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.

Michael Bow
clock 09 November 2011 •
United Kingdom

Aegon moves to halt DB scheme future accrual

UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.

Jenna Towler
Jenna Towler
clock 08 November 2011 •
United Kingdom

PPF reveals £678m surplus

UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.

Jonathan Stapleton
Jonathan Stapleton
clock 07 November 2011 •
Trustpilot