Oil giant BP is taking a pension scheme contribution holiday this year after actuaries confirmed its final salary fund is in surplus.
The announcement, which comes four months after a similar decision by fellow oil firm Shell, was made in a letter to members of the BP Pension Fund. It said an actuarial valuation last year fou...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date