The trustee board of the Unilever UK Pension Fund has agreed not to block changes to the scheme proposed by Unilever, its sponsoring employer, despite a wave of national strikes over the firm's move to cease final salary accrual.
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Nearly three-quarters of investment professionals believe government bonds are overvalued, research from CFA UK reveals.
Talks between Greece and private sector bondholders have collapsed, with the two parties failing to reach agreement over the country's debt restructuring.
Standard & Poor's has downgraded the credit ratings of a raft of eurozone nations including Italy, Spain and Portugal as well as stripping France and Austria of their AAA status.
Consultancies and fund managers are undertaking a massive expansion of their defined contribution teams in a bid to meet client demand ahead of auto-enrolment, PP can reveal.
Scheme managers are split whether the delay to auto-enrolment for smaller employers is a positive move.
Mercer has restructured its investment business, integrating its global consulting and asset management businesses.