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Lehman staff to get pensions
THOUSANDS of former Lehman Brothers staff in London will receive their pensions in full, six year after the US bank collapsed.
The remains of the lender will pay £184m under the deal, announced by the Pensions Regulator yesterday. It will benefit almost 2,500 ex-staff, who will receive an average of £5,000 each.
This is the biggest such agreement yet reached by the regulator, and the deal avoids resorting to the pension protection fund for compensation.