The Pensions Regulator (TPR) has published a section 89 report on the use of its anti-avoidance powers in seeking financial support for the Nortel Networks UK Pension Plan.
The report details the action taken to reach a deal - a settlement which was reached in October 2016 between global creditors on the allocation of over US$7bn (£5.6bn) raised from the sale of Norte...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date