TPR files £2.1bn claim against Nortel Networks

clock

The Pensions Regulator has filed a £2.1bn claim in a Canadian court against Nortel Networks.

The regulator confirmed it had served a warning notice on the failed telecommunications equipment producer - which filed for bankruptcy in January 2009 - to secure the UK company scheme's share of ...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 6 min read
PSIG launches petition on member scam support

PSIG launches petition on member scam support

Group calls for change in the way pension and investment fraud victims are treated by HMRC

Jasmine Urquhart
clock 31 October 2024 • 1 min read
Autumn Budget 24: Carried interest rates hiked to 32% in blow to private equity bosses

Autumn Budget 24: Carried interest rates hiked to 32% in blow to private equity bosses

Rates to be increased from current 28% level from April next year, with further reforms in 2026

Valeria Martinez
clock 30 October 2024 • 2 min read
Trustpilot