The federal regulators are planning to allocate a Financial Support Direction in order to control as many as 25 companies in the Nortel group across Canada, the US, Europe and Africa.

Nortel was put in its jurisdiction last year. As per the conditions, FSD will expect Nortel companies to extend monetary aid for the discarded plan, which at present faces a shortfall of more than £2.1bn on the basis of an acquisition. This is the sum needed for the balancing of pension scheme's burdens.

Nonetheless, as the administration is being controlled abroad, the plan comes out to be chiefly representational. But it will trigger official actions on the part of Nortel's UK pension trustees and the PPF.

The legal actions were turned down by the Ontario Superior Court of Justice and the US Bankruptcy Court of the District of Delaware, this February, arousing concerns over the a doubled deficit to hit the pension scheme and the PPF, accounting to nearly £1.2bn.

The move has been identified as the latest development in the regulators’ scrutiny of the UK pension schemes, following the issuance of the directions to Belgian textile group Bonas for a payment worth £5m into its former UK pension scheme.