Univest FIVE YEARS ago, the company switched a sizeable sum from the UK pension fund to an investment vehicle based in Luxembourg. The idea was that, by pooling cash from the various Unilever pensions schemes around the world, more effective investments could be made with the larger sums involved. We had reservations about the idea from the start and still are not in agreement with the move. As the largest scheme in the business we see little benefit in it for us.