Coats Group defers DRCs for remainder of 2020

James Phillips
clock • 1 min read

Coats Group has agreed with its UK pension trustees to defer the payment of its remaining deficit recovery contributions (DRCs) for 2020.

Around $17m (£13m) of DRCs due between April and December inclusive have been put on hold as the thread manufacturer took action to "underpin liquidity and maintain comfortable levels of headroom" ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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