Welcome to Nortel Pensions UK

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

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Update from the Trustee on the option letters

The deadline of 8 June for returning option forms is fast approaching. If this deadline applies to you, and you want to make a positive option choice, but have not done so already, please send in your form by post as soon as possible ahead of the deadline to make sure it is received. We will confirm receipt of option forms, in writing, by the end of June…

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We are delighted to advise you that we have posted a personalised letter to all members with important information about their ongoing or future benefits arising from their membership of the Nortel Networks UK Pension Plan. Please let the Plan Administrator know if you have not received your letter by the middle of March..

As we move towards securing benefits outside the Pension Protection Fund (PPF), we are now in a position to provide estimated pension amounts for all members together with transfer values for most members who have not yet put their pension into payment. Your letter will also provide information on other options if we are able to offer them to you. We must emphasise that these letters are important and need your careful consideration – most members have one or more options and there are strict time limits by which you must act if you do not wish to take your ‘default’ option.

In addition to your letter, there is further information which can be accessed from the Option Letter – Supporting Information link on our home page. This includes Factsheets, additional Frequently Asked Questions and a number of Animated Videos that are designed to illustrate some of the concepts described in your letter. Note that not all of these items will be relevant to some members.

Latest news

Recently updated sections of the website

We have added two main menu items to our homepage – Option Letters – Supporting Information and The Nortel Story. We have also added a new Section 9 to the FAQ. Posting date: March 22, 2018.

Statement of Investment Principles (SIP) dated December 2017. This was approved by the Trustees at their meeting on 27th November 2017. This document references the Investment Policy Implementation Document which can be found herePosting date: December 20, 2017

Report and Accounts 31 March 2017. The annual report and accounts were approved by the Trustees on 18th October 2017. Posting date: November 30, 2017

Leaving PPF assessment. We have added a new Section 8 to the FAQ . Posting date: November 24, 2017