Coats Group plc
Coats Group PLC
Coats Group PLC
74000000
2017
20170601
employment-related offences
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Coats Group agreed to pay £255.5 million to two pension schemes, and £74 million to a third pension scheme, in settlement of a Warning Notice by TPR alleging the company was liable for substantial deficits in the schemes, which would be left insufficiently resourced and with high levels of risk following Coats selling off its investment shareholdings and allocating the majority of benefit to shareholders.
agency action
Settlement with TPA
UK-TPR
The Pensions Regulator
United Kingdom
publicly traded
miscellaneous manufacturing
sewing supplies
GB00B4YZN328
https://www.thepensionsregulator.gov.uk/-/media/thepensionsregulator/files/import/pdf/regulatory-intervention-section-89-coats.ashx
UK21-54647
Coats Group plc
Coats Group PLC
Coats Group PLC
255500000
2017
20170201
employment-related offences
Warning: Undefined array key "offence_type" in /usr/home/goodjobsfirst/public_html/Live-UK-ViolationTracker/function.php on line 348
Coats Group agreed to pay £255.5 million to two pension schemes, and £74 million to a third pension scheme, in settlement of a Warning Notice by TPR alleging the company was liable for substantial deficits in the schemes, which would be left insufficiently resourced and with high levels of risk following Coats selling off its investment shareholdings and allocating the majority of benefit to shareholders.
agency action
Settlement with TPA
UK-TPR
The Pensions Regulator
United Kingdom
publicly traded
miscellaneous manufacturing
sewing supplies
GB00B4YZN328
https://www.thepensionsregulator.gov.uk/-/media/thepensionsregulator/files/import/pdf/regulatory-intervention-section-89-coats.ashx
UK21-54652
2