During 2005, the administration of the Nortel Networks UK Pension Plan was transferred to:
Watson Wyatt Limited. PO Box 311, Redhill, Surrey, RH1 1YH
Telephone (for pension enquiries) 01737 788106
Also see the Nortel Networks UK Pension site.
Agenda for the Pension Consultative Committee held 22/03/06
Dec. 08 - Frequently Asked Questions - NNUK Board of Trustees.
Jan. 09 - Frequently Asked Questions Update - This was the last update by NNUK Trustees before Nortel filed for Chapter 11 bankruptcy on January 14th 2009.
July 2010 -The Daily Telegraph published an article about the UK Pension Regulator calling for £2.1 billion to be paid into the Nortel Networks UK Pension Fund by the parent company before it enters the UK Pension Protection Fund.
Click this link to read the Telegraph Article (PDF document 139KB)
Click this link to read the report of the UK Pensions Regulator (PDF document 173KB)
Following Nortel's move into administration on 15th January 2009, no further reports of the NNUK Board of Trustees will be posted here.
For the latest situation it is advisable to check the Nortel Networks UK Pension website.
April 2012The man responsible for mediating a £2.1bn UK pension claim on bankrupt firm Nortel Network’s assets has launched a website to keep people up to date with developments. Chief Justice of Ontario Warren Winkler has launched the www.nortelmediation.com website to deliver information about the mediation process, which includes claims by The Pensions Regulator on Nortel’s pile of cash to fill a multi-billion pound shortfall in the Nortel Networks UK Pension Plan. The site includes information about the mediator and will post legal documents and statements as the mediation continues. |