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NEWS11 April 2005

UBM's Hollick retires with £14.7m pension fund

At least £762k a year

Clive Hollick, former chief executive of United Business Media will retire on May 19 with a pension of £14.2m amassed during his 31-year tenure at the group. He will transfer his pension to a self-administered scheme. The firm's annual report shows that he will receive a final bonus of £250k for completing a “successful hand-over” to the new CEO, David Levin, who joins from technology firm Symbian.