Guinness Peat says UK Pensions Regulator won’t decide on warning by Christmas

Sun, 01 Dec 2013

Dec. 2 (BusinessDesk) - Guinness Peat Group, which has exited more than 50 investments to focus on UK threadmaker Coats, said the UK’s Pensions Regulator won’t meet a Dec. 31 target to decide on whether to issue a warning notice over its pension plans. The regulator has found the Coats Pension Plan and Brunel Holdings Pension Scheme were insufficiently resourced and this could lead to a formal warning notice. The regulator had flagged a decision by year-end. The UK Pensions Regulator “will not be in a position to conclude its investigation a...

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