GPG thrown curved ball as UK regulator looks at Coats pension plan

Wed, 10 Apr 2013

Guinness Peat Group's wind-down may face a bump in the road after the UK Pensions Regulator indicated it's taking a look at two of the pensions schemes the investment firm is responsible for. The group, which expects to rebrand under the name of its UK threadmaker unit, Coats, later this year, has been told by the British regulator the watchdog is investigating into whether "financial support should be provided to those schemes by the company, or by one or more of the entities connected or associated with the schemes' respective sponsoring em...

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