Coats Group
Coats Group defers DRCs for remainder of 2020
Coats Group has agreed with its UK pension trustees to defer the payment of its remaining deficit recovery contributions (DRCs) for 2020.
Coats edges into pension surplus as schemes consolidated
Coats Group has recorded a narrow defined benefit (DB) surplus of $1m (£0.8m) across its three UK schemes.
Five stories you may have missed this week
This week's top stories included reports that chancellor Philip Hammond is considering cutting higher-rate tax relief in the Autumn Budget, while the Court of Appeal ruled IBM had the right to impose a cap on increases in pensionable pay.
FRC broadens probe into Coats Group schemes' conduct
The Financial Reporting Council (FRC) has extended the scope of its investigation into the conduct of individuals who oversaw the three Coats Group defined benefit (DB) schemes.
Coats agrees £74m for Staveley scheme, ending TPR probe
Coats Group has agreed a £74m settlement with The Pensions Regulator (TPR) to end enforcement action for the third of its defined benefit (DB) schemes.
Coats' pension deficit grew 67% in 2016
The combined deficit of Coats Group's three defined benefit (DB) schemes rose by £181m over 2016, according to its annual financial report.
Coats nears end of three-year saga; TPR to drop action soon
The Pensions Regulator (TPR) has given Coats Group written assurances that action over two of its defined benefit (DB) schemes will be dropped once settlement is complete.
TPR and Coats agree £255m settlement
The Pensions Regulator (TPR) has secured a £255m payment to save the benefits of 24,000 Coats Group scheme members, marking the start of the end to a three-year saga.
FRC launches probe in connection with Guinness Peat schemes
The Financial Reporting Council (FRC) has launched investigations into the conduct of a number of individuals involved with various Guinness Peat pension schemes between 2004 and 2012.
Coats agrees recovery plan as TPR investigation continues
Trustees of the Brunel pension fund have agreed a recovery plan with the scheme's sponsor, which is being investigated by The Pensions Regulator (TPR) over concerns about a corporate restructuring.
