GMB will ballot utility workers for strike action on the 21 September in a dispute with Northumbrian Water over proposals to axe the final salary scheme.
Two trade unions have called for Nestle to put on hold plans to close its career average defined benefit (DB) scheme until its actuarial valuation in December.
Two major trade unions have denounced Nestle’s plans to close its career average defined benefit (DB) scheme as a “betrayal” of staff.
MSRPS; SSgA; Baillie Gifford & Co; BlackRock; Mercer; Matrix Group; International SOS; Nestlé; HSBC.
Europe - Jean-Pierre Steiner has stepped down from his role as chief executive of Nestlé Capital Advisers.
SWITZERLAND – Fund of hedge funds group Gottex Fund Management Holdings suffered a 16% decline in fee-earning assets last year, but saw the managed account program it launched in June grow to US$500m reflecting interest from institutional investors...
The Nestlé UK Pension Fund is changing its defined benefit scheme from a final salary to career average.
UK - The Nestlé UK Pension Fund is changing its defined benefit scheme from a final salary to career average.
US – The City of Westland Police & Fire Retirement System filed a class action lawsuit against Alcon, Novartis and Nestlé, alleging that Novartis’ recent public offer for Alcon discriminated minority shareholders.
US – The Massachusetts Bricklayers and Masons pension fund has confirmed it has filed a lawsuit against Novartis, Alcon and Nestle claiming a deal between the companies discriminated against minority Alcon shareholders.