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Unilever and Merrill Lynch lock horns over pension fund

Unilever started its £130m damages and negligence claim this week, brought against Merrill Lynch over the management of its pension fund. Unilever says Mercury Asset Management, subsequently bought by Merrill Lynch, followed a risky investment strategy even though it had been told to invest its pension fund more cautiously. Unilever says Mercury repeatedly failed to meet a downside return of 3 per cent below the FTSE all-share index. The case is set to run for six to eight weeks and a judgment is expected in January 2002.


Internet is the key to survival

It is becoming increasingly obvious that many (though not all) IFAs are taking the ostrich attitude towards the internet and e-marketing.Contrary to what we often hear, only 12 per cent of internet users are the unemployed and students. Over 30 per cent of users are middle and senior management and professionals.The average user is of […]

AA may outsource business to IFAs if the demand grows

AA IFA, the telephone-based advice service, is considering outsourcing face-to-face advice to regional IFAs if there is enough demand for the service after a test period.The phone service goes live this month with three IFAs during its pilot phase, which runs until the end of the year. During that time, consumers wanting face-to-face advice will […]

Hambros keeps an eye open for emerging companies

The third of JO Hambro Capital Management’s quartet of new retail products is the UK emerging companies fund.Emerging companies is an open-ended investment company (Oeic) listed on the Dublin Stock Exchange. It is aimed at experienced investors who are looking for growth over the long term and medium risk.To spread the risk, the Oeic will […]

Net firm and Exchange in stakeholder deal

Stakeholder designation website has signed a deal with The Exchange for an undisclosed sum to provide users with sales, marketing and distribution rights for its service.The service enables IFAs to provide online group stakeholder transaction services via pensionsbusiness&#39s online channel which effectively administers schemes from designation through to population.The launch will be supported by […]


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