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.
The thread manufacturer's Staveley Industries Retirement Benefit Scheme (SIRBS) will receive the money - which includes £39.5m of recovery plan contributions since 1 January 2016 - as an upfront pa...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders