Coats edges into pension surplus as schemes consolidated

James Phillips
clock • 2 min read

Coats Group has recorded a narrow defined benefit (DB) surplus of $1m (£0.8m) across its three UK schemes.

Thanks largely to $100m of actuarial gains from changes to the schemes' discount rates and mortality assumptions, the overall IAS 19 accounting deficit has been slashed from $107m since December 20...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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