News

Members will be aware that the administration of the Scheme moved to Gallagher Benefit Services (“GBS”) in October 2024.

As part of the move to GBS, there has been a lengthy project to move Scheme and member data to Gallagher’s administration systems. This project is almost complete and from 1 October 2025, your Coats UK Pension Scheme information will be held in GBS administration systems.

As a result, contact details for the Scheme have changed and are shown below – please use these new contact details if you need get in touch.

A letter has been sent to all members giving more information about this change, and containing exciting news about the Coats UK Pension Scheme portal, launching on 1 October 2025. You can read more about the Portal here.

Pensioner payment dates will stay the same.

Postal address:
Gallagher (Edinburgh)
PO Box 321
Mitcheldean
GL14 9BG

Telephone: (+44) 0330 678 3450

Email: CoatsUKPensions@ajg.com

As required by the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021, the Scheme has produced its annual Climate Change Governance report. The report details the work conducted by the Trustee in the assessment, monitoring and mitigation of climate-related risks. You can view this report here.

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.

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.

The Trustee of the Coats UK Pension Scheme (“the Scheme”) is committed to ensuring the long-term security of the Scheme.

We are pleased to announce that we’ve taken an important step to improve the security of members’ Scheme pension benefits.

We’ve chosen to enter into an agreement with Pension Insurance Corporation (“PIC”) to buy an insurance policy, called a ‘buy-in policy’. This involves securing the benefits payable to members and their dependants for the long term.

The Trustee previously purchased a similar policy with Aviva in 2022. Together with the policy from PIC, the Trustee has now secured the benefits of all members.

The Trustee has worked closely with Coats (“the Company”) throughout this process and the Company has provided the Trustee with approximately £100m of special funding to enable this transaction to take place.

There are no changes to the Scheme benefit entitlements as a result of this transaction. The Scheme will continue to be managed by the Trustee and administered by the Coats Pensions team. The Company will continue to be Principal Employer in support of the Scheme.

A letter is being sent to all CUKPS members giving more information about this transaction. We ask all our members to look out for this letter.

Members do not need to do anything in response to this letter.