Nortel ruling will harm all creditors

Jenna Towler
clock

The Court of Appeal ruling in the Nortel/Lehman case means ordinary workers could see redundancy and notice pay extinguished by a pension scheme ‘super creditor', a lawyer says.

The judgment - released on Friday - followed the High Court's position that a financial support direction or contribution notice issued by The Pensions Regulator is an expense of the administration...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

FRC releases guidance on historic scheme rule changes

FRC releases guidance on historic scheme rule changes

ACA welcomes guidance published following Virgin Media v NTL Pension Trustees judgment

Jasmine Urquhart
clock 23 January 2026 • 2 min read
TPR calls on trustees to comment on VfM framework

TPR calls on trustees to comment on VfM framework

Consultation launched alongside guide to assessing and comparing VfM across industry

Jasmine Urquhart
clock 23 January 2026 • 1 min read
PMI launches admin skills drive in India

PMI launches admin skills drive in India

Chief customer officer to visit professionals to find ways of improving support and access to skills

Jasmine Urquhart
clock 16 January 2026 • 1 min read
Trustpilot