GPG says UK regulator extends investigation into its pension schemes

Wed, 31 Jul 2013

By Tina Morrison Aug 1 (BusinessDesk) – Guinness Peat Group, the New Zealand investment group winding down its portfolio, said the UK regulator has extended its investigation into the company’s pension schemes. The UK Pensions Regulator is extending its investigation into GPG’s Coats Pension Plan and its Brunel Holdings Pensions Scheme to also cover the Staveley Industries Retirement Benefits Scheme, GPG said in a statement. The company said it had anticipated this widening of the investigation and it doesn’t know when the process will end...

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