Pensions Regulator fires BHS warning shot with £255m Coats Group deal

Watchdog’s record settlement with thread maker shows it will continue talks even after launching legal proceedingsThe Pensions Regulator (TPR) has fired a warning shot at Sir Philip Green by agreeing its biggest ever settlement with a private company in a case with similarities to BHS.Coats Group, one of the biggest manufacturers of sewing threads in the world, has agreed to pay more than £255m into its pension scheme after the regulator started legal proceedings against it. Continue