TPR publishes s89 report on Nortel case

clock • 4 min read

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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

The costs of delaying an increase in AE contributions

The costs of delaying an increase in AE contributions

Standard Life and WPI Economics report estimates costs across three key areas

Jonathan Stapleton
clock 26 April 2024 • 3 min read
TPR: Possible new DB offering for DC savers 'needs careful thought'

TPR: Possible new DB offering for DC savers 'needs careful thought'

Regulator considers if it can support Pension SuperHaven style solutions for DC savers

Jonathan Stapleton
clock 25 April 2024 • 3 min read
TPR publishes annual DB funding statement

TPR publishes annual DB funding statement

TPR offers three different strategies for schemes depending on funding levels

Jasmine Urquhart
clock 24 April 2024 • 4 min read
Trustpilot