L&G concludes £105m top-up buyout for Nortel scheme

James Phillips
clock • 2 min read

The Nortel Networks UK Pension Plan has agreed a further £105m buyout with Legal & General (L&G), topping up the benefits agreed in a prior deal.

The transaction follows a £2.4bn buyout with the same insurer in 2018, and has used additional funds received following proceedings around the sponsor's insolvency in 2009. The communications gi...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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