Unilever co-chairman reaps largest transfer value

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UK - Unilever co-chairman Niall FitzGerald has accrued a pension of £11.7m - the largest transfer value revealed under new remuneration report regulations imposed this month.

FitzGerald has worked for the company for 27 years. Changes proposed in the Green Paper would see transfer values above £1.4m subjected to 60% tax – currently, higher rate taxpayers pay 40% tax on...

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