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Travers Smith Guides £105M Nortel Pension Deal With L&G

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Travers Smith Guides £105M Nortel Pension Deal With L&G
Law360, London (May 11, 2021, 12:28 PM BST) The British employee retirement scheme of Nortel Networks Corp., the Canadian telecoms giant that collapsed in 2009, has insured a further £105 million ($148 million) of pension liabilities with Legal & General Assurance Society Ltd., the insurer said on Tuesday.
The buy-out means L&G will take on full responsibility for paying members in the Nortel Networks UK Pension Plan. The deal builds on an earlier £2.4 billion buyout in 2018 and will provide additional benefits to 8,200 retirees and 4,300 members of the retirement scheme, L&G said.
The pension scheme is the workplace saving plan for British employees of Nortel, a Toronto-based global. ....

United Kingdom , London May , Nortel Networks United Kingdom Pension Plan , Nortel Networks Corp , Assurance Society Ltd , General Assurance Society Ltd , Nortel Networks United Kingdom Pension , ஒன்றுபட்டது கிஂக்டம் , லண்டன் இருக்கலாம் , நோர்தேல் நெட்வொர்க்குகள் ஒன்றுபட்டது கிஂக்டம் ஓய்வூதியம் திட்டம் , நோர்தேல் நெட்வொர்க்குகள் கார்ப் , உறுதி சமூகம் லிமிடெட் , ஜநரல் உறுதி சமூகம் லிமிடெட் ,

MUST-READ OF THE WEEK: RED AMARYLLIS BY DENISE E. JACOBS

MUST-READ OF THE WEEK: RED AMARYLLIS BY DENISE E. JACOBS
thescarboroughnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thescarboroughnews.co.uk Daily Mail and Mail on Sunday newspapers.

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MUST-READ OF THE WEEK: RED AMARYLLIS BY DENISE E. JACOBS

MUST-READ OF THE WEEK: RED AMARYLLIS BY DENISE E. JACOBS
motherwelltimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from motherwelltimes.co.uk Daily Mail and Mail on Sunday newspapers.

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MUST-READ OF THE WEEK: RED AMARYLLIS BY DENISE E. JACOBS

MUST-READ OF THE WEEK: RED AMARYLLIS BY DENISE E. JACOBS
lep.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lep.co.uk Daily Mail and Mail on Sunday newspapers.

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Prudential And Rothesay Life Successful In Appeal - Litigation, Mediation & Arbitration

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Prudential Assurance Company Ltd (Prudential) and Rothesay Life
plc (Rothesay) successfully overturned the English High Court s
refusal to sanction the proposed transfer of a portfolio of
annuities from Prudential to Rothesay. The Prudential/Rothesay case
had already been distinguished by another English High Court judge
in
Re Legal and General Assurance Society Ltd and
another [2020] EWHC 2299 (Ch). We explained the reasoning
behind this in our article on the case, see
here.
On 2 December 2020, the Court of Appeal in England overturned
the High Court judgment of Snowden J in the Prudential/Rothesay ....

Argyll And Bute , United Kingdom , English High Court , English Court , Assurance Society Ltd , Prudential Assurance Company Ltd , High Court , Rothesay Life , General Assurance Society Ltd , United Kingdom Part , ஆர்கில் மற்றும் ப்யூட் , ஒன்றுபட்டது கிஂக்டம் , ஆங்கிலம் உயர் நீதிமன்றம் , ஆங்கிலம் நீதிமன்றம் , உறுதி சமூகம் லிமிடெட் , விவேகமான உறுதி நிறுவனம் லிமிடெட் , உயர் நீதிமன்றம் , ரோதெயே வாழ்க்கை , ஜநரல் உறுதி சமூகம் லிமிடெட் , ஒன்றுபட்டது கிஂக்டம் பகுதி ,