Coats' pension deficit grew 67% in 2016

James Phillips
clock • 1 min read

The combined deficit of Coats Group's three defined benefit (DB) schemes rose by £181m over 2016, according to its annual financial report.

As of 31 December, the schemes had an aggregate deficit of £467m on the IAS 19 accounting measure, up 67% from £286m on the same date in 2015. The company said the increase was driven by a 110 b...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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