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News type: Group

Final de-risking of UK defined benefit pension scheme

Jackie Callaway in 2024 Coats GLC

Coats Group plc is pleased to announce that the trustee of the Coats UK Pension Scheme has purchased a c.£1.3 billion ($1.7 billion) bulk annuity policy (“buy-in”) from Pension Insurance Corporation plc which insures benefits payable under the scheme in respect of the remaining 80% of the scheme’s liabilities.

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