UK - The first witness called on Thursday in the trial between Unilever and Merrill Lynch Investment Management (MLIM) was questioned on whether the trustees should share responsibility.
The Unilever pension fund is suing MLIM for £130m it says it is owed because MLIM was negligent in the way it allowed underperformance of its £1bn UK equity portfolio. Former chairman of the Uni...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date