News

Issue 7 of the Coats UK Pension Scheme newsletter – The Link- is now available. In this issue: Scheme Report and Accounts, Pensioner Paydates, Pensioner Bulletin and much more.
 
You can view this communication online in the members-only section (you will need the secure area password): click here.

Please note that if you have requested an email alert for electronic communications, notifications about The Link will be sent from noreply@buck.com.

We are pleased to advise that the Trustee’s Statement of Investment Principles has been updated.

You can view this document by clicking here.

If you’re clicking from the homepage, please click on “continue reading”, and then click on the blue link shown above .

As part of the annual Coats UK Pension Scheme Report and Accounts, the Trustee produces a statement for members about the governance in place for members with money purchase benefits (such as Additional Voluntary Contributions).

We are pleased to confirm that this statement for the year ended 31 March 2024 is now available to view here.

Under the regulatory requirements now in force, the Trustee is required to produce an annual Implementation Statement, setting out how the policies described in the Scheme’s Statement of Investment Principles (“the SIP”) have been followed.

We are pleased to confirm that this statement, covering the period 1st April 2023 to 31st March 2024, is now available to view here.

From 1 October 2024, administration of Coats UK Pension Scheme is moving to Gallagher Benefit Services – a UK leader in pensions administration.

The Coats Pensions team will continue to be responsible for maintaining the Scheme and the payment of benefits. Member benefits will not be affected by this change and pensioner payment dates will stay the same. The postal address, website and other contact details for the Scheme will not change.

A letter is being sent to all CUKPS members giving more information – we ask all our members to look out for this letter. Members do not need to take any action.