Nortel and Lehman Brothers case on FSDs decided — a workable way forward
By Heather Chandler The case involved two groups (the Nortel group and the Lehman group) each of which contained occupational pension schemes with substantial funding deficits. The Pensions Regulator (PR) had issued financial support directions (FSDs) to the group companies, in both cases following the placement of the group into administration. An FSD is a […]