Update 24 September 2009.

Following appropriate consultation with the Plan advisers, the Trustee has decided to change the accounting year end from 31 March to 13 January with effect from 13 January 2009 for one year only. This date now matches the date at which the PPF will require a special valuation of the assets and liabilities of the Plan for which this audited set of accounts will be required.

Summary Reports & Accounts

Plan Membership

The Plan now covers a total of 42,244 members.

The following gives a breakdown of the main areas of Plan membership.

	2009        2008	2007
Contributing members (Defined Benefit only)	881           973	1,125
‘Q’ Scheme and EPB members only	7,997        8,589	9,380
Deferred pensioners	13,105     13,516	13,574
Pensioners and dependants	20,261     20,174	20,340

Financial summary of the period

	£m	£m
Fund as at 31 March 2008		£1,657
What went into the Plan... Member contributions	2.0
Company contributions	64.5
Special Company contributions	-
Transfers from other funds	-
Total income		66.5
...and what came out of the Plan
Pensions and benefits	-74.5
Transfers to other funds	-2.8
Administration and other expenses	-1.7
Investment managers’ fees	-2.7
Total expenditure		-81.7
Income from investments		37.8
Decrease in value of investments		-210.2
Fund as at 13 January 2009		£1,469

Report and Accounts full report

Report and Accounts as at 13 January 2009

Report and Accounts as at 31st March 2008

Report and Accounts as at 5th April 2007

Report and Accounts as at 5th April 2006

Report and Accounts as at 5th April 2005

Report and Accounts as at 5th April 2004

Report and Accounts as st 5th April 2003

Back to top of page
Print this page

Copyright © Nortel Networks UK Pension Plan 1999 - 2004. All Rights Reserved.