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 Unile...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
