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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.


Norwich Union travels with cashplan

Norwich Union has introduced its individual cash plan, a healthcare cash plan that offers cash benefits towards the cost of travel vaccinations.The cash plan has five levels of cover available to single people, couples and families, including lower premiums for single parents. Premiums for single people range from £6 to £30 a month. Couples pay […]

Brett Williams

Lives: Tring, HertfordshireBorn: June 30, 1959 in Gillingham, KentAge: 42Education: BA (Hons) Economics, AberystwythCareer to date: 1981-1993: Allied Dunbar – graduate trainer, broker consultant and branch manager, 1993-98: M&G Group – IFA sales director, 1998-99: sales and marketing director at wealth management start-up Independent Insurance, 1999-2000: J Rothschild Inter-national – sales and marketing directorCareer ambition: […]

A new state of affairs

The debate on funding Britain&#39s crumbling public services has not abated since the general election, with healthcare having a particularly high profile.After years of discussion and a royal commission, free nursing care for long-term care patients has finally been introduced in England, with the devolved assemblies expected to follow in April 2002. But while there […]

Pension adviser named Woman of the Year

IFA Pam Warren was named Woman of the Year this week in recognition of her work in pushing for improvements in rail safety. Ms Warren, who formerly ran her own pensions advice company, received the award after receiving severe burns in the Paddington rail crash two years ago, and undergoing 22 operations to her face. […]


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