Legal & General completes £2.4billion buyout

8 Oct 2018

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.

For the full press release, please click the link below

Investor information

• Press release
• RNS release: Legal & General completes £2.4 billion buyout with Nortel (PDF 81KB)