AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(From The Independent)
Byline: Katherine Griffiths Banking Correspondent
UNILEVER, the consumer goods company which runs one of the country's largest defined benefit pension schemes, yesterday warned staff their 10-year holiday from pensions contributions would come to an end in January as a result of the impact on the fund of weak equity markets.
But it said that it was "reaffirming its commitment" to keeping its pounds 4.2bn defined benefit scheme open at a time when many companies are closing them in favour of defined contribution contracts.
Unilever said: "In view of the current performance and trend in equity markets, it has been …