News

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


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.



Important Information about Pensioner Payment Dates

As advised in our newsletter – The Link – issued in December 2019, the Trustee has agreed to harmonise the pension payment dates for the Coats UK Pension Scheme.

If you were a member of the former Coats Pension Plan or former Staveley Industries Retirement Benefits Scheme, starting from the February 2020 payment your pension will be paid to you a few days earlier than before – on the 28th of the preceding month; the February payments will be made on 28th January. If you were a member of the former Brunel Holdings Pension Scheme, there will be no change to your pay date.

Pensions continue to be paid in advance. When the 28th falls on a bank holiday or weekend, your pension will be paid on the working day prior to the 28th.

Please refer to your covering letter for further information about pay dates in 2020.



The Link Issue 2

Issue 2 of the Coats UK Pension Scheme newsletter – The Link – is now available. In this issue: Information about Pensioner Payment Dates, Scheme Report and Accounts, Fraud Prevention and much more.

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. This is also where you will find the Scheme’s Report and Accounts.

You can view the Trustee’s Statement of Investment Principles by clicking 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 2019 is now available to view here



Coats UK Pension Scheme – Summary Funding Statement

We are pleased to advise that the Summary funding statement following the actuarial valuation as at 1 July 2018 and the actuarial report as at 1 April 2019 is now available.

View this document 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 it in the members-only section (you will need the secure area password): click here