Legal & General completes £2.4billion buyout

Telecommunications equipment company Nortel Networks UK Pension Plan exits PPF Assessment with surplus to enhance benefits.

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has completed a £2.4 billion buyout for the Nortel Networks UK Pension Plan, (“The Plan”), covering around 15,500 pensioner members and around 7,200 deferred members.

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Alyssa Manning

Investor Relations Director

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