End to Nortel feud in sight as agreement reached on pension payouts

James Phillips
clock • 4 min read

An agreement has been reached on how to compensate members of the Nortel pension scheme after years of negotiations since the company went bust in 2009.

Around $7.3bn (£5.7bn) of the collapsed telecom company's assets are now expected to be distributed between all of the firm's creditors, including around 33,000 UK scheme members. The agreement ...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

Aon launches run-on solution aimed at smaller DB schemes

Aon launches run-on solution aimed at smaller DB schemes

Firm claims economies of scale will make run-on strategies more realistic for schemes

Alex Levy
clock 03 September 2026 • 2 min read
DB scheme trustees report continued rise in costs

DB scheme trustees report continued rise in costs

TPT research finds larger schemes reported the biggest hikes

Alex Levy
clock 02 September 2026 • 2 min read
DB scheme funding levels hit new high as schemes target run-on

DB scheme funding levels hit new high as schemes target run-on

Aon analysis of valuations shows funding positions strengthen from a high base

Alex Levy
clock 01 September 2026 • 2 min read
Trustpilot