News

Welcome to the News Section of the Website. This section will be updated as new information arrives.


AVC Statements for members who currently pay AVCs

We are pleased to advise our members with AVCs that AVC Statements for the year ended 31 March 2020 are now available to view on My Coats Pension. We apologise that, as a result of the pandemic, these statements are available later than usual.

As previously advised, AVC statements are not posted out unless members specifically request a paper copy. Instead, they are uploaded to our secure site My Coats Pension. This change helps us to reduce postage costs and reduces our environmental impact by minimising the amount of paper we use.
 
To view your AVC statement, please go to https://secure.coatspensions.co.uk. If you haven’t already done so, you will need to follow the registration process.
 
If you don’t have access to the internet, we need you to tell us in writing that you want us to send you paper statements. Please write to the Pensions Office, include your name, address, pension reference number and date of birth and state that you wish to receive your communications by post.

In accordance with requirements to provide information to members who have money purchase benefits, including Additional Voluntary Contributions (AVC) funds, the Trustee has made information regarding charges and transaction costs associated with these funds available on the Coats Pensions website at:https://www.coatspensions.co.uk/dc-governance-statement



The Link Issue 3 and Annual Funding Statement

Issue 3 of the Coats UK Pension Scheme newsletter – The Link – is now available. In this issue: Scheme Report and Accounts, Fraud Prevention, Trustee Changes and much more. An Annual Funding Statement, showing the funding position of the Scheme as at 31 March 2020, is also available.

View these documents online at our My Coats Pension site (you will need to register if it’s your first visit): https://secure.coatspensions.co.uk

You can also view them online in the members-only section of this website (you will need the secure area password): click here. The link to the funding statement is in the Factsheets area of this section.



Change to Postal Address for Coats Pensions Office

From 24th November 2020, the postal address for member correspondence to Coats Pensions Office is changing. The new address is Coats Pensions Office, PO Box 2043, Pershore, WR10 9ES. To ensure that we can receive member mail whether we’re working in the office or working from home, we are using a digital mail service which ensures that our mail is received and processed as efficiently as possible. Our office is still in Glasgow and, although our team is currently working from home, we will resume working from the Glasgow office again when we’re advised that it’s safe to do so.

Please use the new PO Box address if you need to write to us. Remember you can also email us at pensions.services@coats.com



Statement of Investment Principles

We are pleased to advise that the Trustee’s Statement of Investment Principles has been updated. You can view this document by clicking here.



Temporary Office Closure

As a result of the latest Government advice, Coats Pensions Office will be closed to staff and visitors until further notice.

Please note that in these exceptional circumstances, we are working with a reduced team and may not be able to meet our normal timescales and processing will take longer than the service levels indicated on our website.

We are working hard to minimise the impact of the office closure and we would be grateful for your patience at this time. Our main priority is that we continue to pay our pensioners on time.

Given the constantly changing circumstances and the uncertainty around Coronavirus, this information is subject to change and may be updated as appropriate when more information becomes available. The information provided is correct at the time of publishing. It is not intended to be and should not be construed as advice.