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
- 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