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) ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
