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Welcome to Nortel Pensions UK

The pension resource for former employees of Nortel Networks UK Limited and other acquired companies

 

Notice

The Plan has left PPF assessment…

On October 8, 2018 the Plan left PPF assessment and members’ Plan benefits have now been secured in a number of different ways.

The benefits for most members who were already in receipt of a pension (together with some new pensioners) were secured with our chosen insurer, Legal & General, who became legally responsible for paying these pensions from November 1, 2018 onwards. The final monthly payment from the Plan was made on October 1, 2018 and some existing pensioners also received a one-off back payment arising from restrictions during PPF assessment.

Legal & General also assumed responsibility for most deferred members for whom a future pension has been secured.

A number of members (including some dependants) who had small pension benefits elected to receive a one-off lump sum payment instead of an ongoing pension.

Finally, a number of members who were not in receipt of a pension elected to transfer their Share of the Funds to approved alternative pension providers.

Members were sent a ‘discharge’ letter setting out details of amounts and how his/her pension benefits were secured. Legal & General sent a ‘Welcome Letter’ to each member who had an ongoing or future pension secured with them.

Notice

What does all this mean?

From a practical and legal perspective the Plan now ceases to be responsible for paying existing or future pension benefits or for providing ongoing member support.

Nonetheless, members will be aware that the Plan has not yet received all expected recoveries from the global Nortel insolvency process. Until such recoveries are realised, the Plan will still have a responsibility to distribute these Additional Recoveries to qualifying members – please check your discharge letter to see if this applies to you.

When all Additional Recoveries have been dealt with the Trustee will then proceed to complete the formal winding-up of the Plan and the Trustees will be discharged formally from their role and responsibilities. We will keep members updated on the relevant timescales.

Contact us…

We recognise that the changes outlined above are a significant event for our members and may give rise to some concern or uncertainty. We have therefore worked hard with Legal & General to make this change as seamless as possible for all members who have existing or future pensions. If you have any questions about these changes or need further clarification then please click the relevant link from the choices below and you will see full contact details.

CLICK HERE if you have a question about your pension or wish to notify us of a change in your circumstances and you are now in receipt of Pension, Dependant’s Pension or Children’s Allowance from Legal & General

Please contact Legal & General using one of the following and, if applicable, quote or have to hand your Member Reference.

Telephone: 01707 607601

Email: nortel-LG@willistowerswatson.com

Mail: Nortel Networks UK Pension Plan, c/o Legal & General, PO Box 545, Redhill, Surrey RH1 1YX

Fax: 01707 607563

Payroll (including tax): 01737 788106 (only for pensions currently in payment)

CLICK HERE if you have a question about your pension or wish to notify us of a change in your circumstances and have been notified that a future Deferred Pension has been set up with Legal & General

Please contact Legal & General using one of the following and, if applicable, quote or have to hand your Member Reference.

Telephone: 01707 607601

Email: nortel-LG@willistowerswatson.com

Mail: Nortel Networks UK Pension Plan, c/o Legal & General, PO Box 545, Redhill, Surrey RH1 1YX

Fax: 01707 607563

Payroll (including tax): 01737 788106 (only for pensions currently in payment)

CLICK HERE if you have a question and you swapped your small current or future pension for a lump sum

Please contact the Trustee Support Team using one of the following and, if applicable, quote or have to hand your Member Reference.

Telephone: 01707 607601

Email: nortel-trustee@willistowerswatson.com

Mail: Nortel Networks UK Pension Plan, c/o Willis Towers Watson, PO Box 545, Redhill, Surrey RH1 1YX

Fax: 01707 607563

CLICK HERE if you have a question or wish to notify us of a change in your circumstances and took a Transfer Value from the Plan

Please contact the Trustee Support Team using one of the following and, if applicable, quote or have to hand your Member Reference.

Telephone: 01707 607601

Email: nortel-trustee@willistowerswatson.com

Mail: Nortel Networks UK Pension Plan, c/o Willis Towers Watson, PO Box 545, Redhill, Surrey RH1 1YX

Fax: 01707 607563

CLICK HERE if you received earlier letters from the Plan but nothing in October 2018

Please contact the Trustee Support Team using one of the following and, if applicable, quote or have to hand your Member Reference.

Telephone: 01707 607601

Email: nortel-trustee@willistowerswatson.com

Mail: Nortel Networks UK Pension Plan, c/o Willis Towers Watson, PO Box 545, Redhill, Surrey RH1 1YX

Fax: 01707 607563

CLICK HERE if you have not received any letters from the Plan for a number of years

Please contact Legal & General using one of the following and, if applicable, quote or have to hand your Member Reference.

Telephone: 01707 607601

Email: nortel-LG@willistowerswatson.com

Mail: Nortel Networks UK Pension Plan, c/o Legal & General, PO Box 545, Redhill, Surrey RH1 1YX

Fax: 01707 607563

Payroll (including tax): 01737 788106 (only for pensions currently in payment)

CLICK HERE if you have information concerning a former Nortel employee who died between January 14, 2009 and October 7, 2018 but did not leave a dependant

Please contact the Trustee Support Team using one of the following and, if applicable, quote or have to hand your Member Reference.

Telephone: 01707 607601

Email: nortel-trustee@willistowerswatson.com

Mail: Nortel Networks UK Pension Plan, c/o Willis Towers Watson, PO Box 545, Redhill, Surrey RH1 1YX

Fax: 01707 607563