Unilever has replaced Russell Investment Group as investment consultant to its £4.3bn (€6.3bn) UK pension scheme with Mercer Investment Consulting.

Wendy Mayall, the Unilever scheme's investment chief, said Mercer had been appointed after the Anglo-Dutch consumer group's decision to use it to advise on cross-border pooled funds: "It made sense for the UK scheme to use Mercer as well."