Nortel scheme completes final buyout with L&G

Third buyout with the scheme means L&G has now insured £2.5bn of the plan’s liabilities

Holly Roach
clock • 2 min read
Nortel scheme completes final buyout with L&G

The Nortel Networks UK Pension Plan has completed its third and final buyout transaction with Legal & General (L&G).

Through the deal, the final tranche of scheme members' benefits have been insured, with L&G having now insured £2.5bn of the plan's liabilities. The final transaction – announced today (28 May) ...

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