TPR pursues Nortel in Canada for £2.1bn pension fund bill

By 2010-02-22T15:45:00

[16:45 CET 22-02] UK/CANADA – The UK Pensions Regulator (TPR) has issued a warning notice setting out the case for a Financial Support Direction (FSD) against Nortel Networks and its group of companies that could require it to contribute up to £2.1bn to the UK pension plan. However Nortel is arguing the action is in breach of an order issued by the Canadian courts.

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