With one of Europe’s most well-known companies planning its most significant pension scheme overhaul to date, unions have stepped in to ensure workers are not short-changed. Hope William-Smith reports.
Unilever has set out plans to overhaul its defined benefit (DB) pension arrangements in a bid to manage costs.
Wendy Mayall who is the former chief investment officer (CIO) of Unilever's pension fund has been made a non-executive director at Phoenix Group.
The 300 Club has welcomed Unilever's pension global chief investment officer (CIO) Mark Walker to its team of investment professionals.
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
Nigel Stapleton has been appointed as chairman of the National Grid's UK pension scheme with effect from 1 November 2014.
The Uniac Pension Fund, which provides benefits for Unilever workers seconded overseas, has agreed a £129m buy-in with Legal & General (L&G) to cover its pensioner members.
Unilever UK Pension Fund, The Pensions Trust and the Environment Agency Pension Fund are among the latest schemes to sign up to responsible investment.
The Unilever defined benefit (DB) scheme deficit has fallen from £2.72bn to £1.65bn over 2013.
The latest set of financial results from FTSE companies has re-ignited the debate over smoothing discount rates as strong asset returns were wiped out due to falls in discount rates.
Unilever's scheme deficit rose by €500m in 2012 due to falling discount rates and a 33% fall in the value of its assets.
The Pensions Regulator has announced three non-executive directors will join the organisation from next month.
Strike action at Unilever over pension changes will end after trade unions admitted defeat in trying to block the scheme's move to career average.
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.
Unilever workers will stage ten days of strike action this month after the firm pushed ahead with plans close its final salary pensions and replace it with career average.
Food giant Unilever has been labelled a "modern day Scrooge" after it withdrew the offer of a £15 Sainsbury's Christmas voucher for workers protesting changes to their pensions.
Unilever employees will go on strike for the first time in the company's history tomorrow in protest against changes to their defined benefit pension scheme.
Unions have walked away from a consultation by Unilever on plans to move all final salary members into career average, making strike action at the firm "very likely", an official says.
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The aggregate pension deficit for the UK's biggest companies dropped by 63% in the last year thanks to shifting indexation measures and continuing high levels of employer contributions.
Wendy Mayall has joined Stamford Associates as a managing director and head of strategy after leaving the Unilever pension scheme.
Wendy Mayall, chief investment officer for Unilever's UK and Ireland pension scheme, is leaving her position after 16 years to rejoin the consulting industry.
Unilever pension scheme members will descend on the Royal Albert Hall tonight to protest against the company's plan to move final salary members into career average arrangements.
Unilever employees are staging a demonstration in Warrington tomorrow over the firm's plans to close its £5.5bn final salary scheme.