News

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


Summary Funding Statement following the actuarial valuation as at 31 March 2021

We are pleased to advise that the Summary Funding Statement following the actuarial valuation as 31 March 2021 is now available.

Members of the Scheme can view this communication online in the members-only section (you will need the secure area password): click here

The Funding Statement is located in the Factsheets section towards the bottom of the screen

 



Transfer Value Requests – on hold

New transfer out pension legislation was introduced on 30 November 2021.  As with a number of schemes, the Trustees made the decision to implement a temporary hold (called a moratorium) on all transfer requests received on or after this date. The moratorium is in place for at least 6 weeks and means that we will be unable to process any transfer requests in this time. This will allow the Scheme time to update our communications, processes and procedures and ensure the Trustees are compliant with the changes.  Should you wish to request a transfer, please contact us after mid-January 2022.  Please also note that most members are entitled to one transfer value quotation free of charge per 12 month period. Please click on link below for more information about the new legislation.

https://www.thepensionsregulator.gov.uk/en/pension-scams/dealing-with-transfer-requests#72a072316d1246acaffdb536980e1322



The Link Issue 4 and Covering Letters

Issue 4 of the Coats UK Pension Scheme newsletter – The Link- is now available. In this issue: Scheme Report and Accounts, Pensioner Paydates, Pension Scams and much more.

Members of the Scheme can view this communication, along with the covering letter relevant to their former scheme, online in the members-only section (you will need the secure area password): click here



Coats UK Pension Scheme – DC Governance Chair’s Statement

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 2021 is now available to view here.



CUKPS Implementation Statement

Under new 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 2020 to 31st March 2021, is now available to view here.