BP Pension Scheme in supermarket deal

clock

The BP Pension Scheme has purchased a Worcester-based Sainsbury's supermarket store from M&G Investments in a deal worth £27.25m.

This follows the group's decision to make more than £1.4bn of additional contributions to its pension scheme over a five-year period to help wipe out its deficit by 2017 (PP Online, 20 August 2013)...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

LGPS 'may struggle' to deliver proposed changes in access and fairness consultation

LGPS 'may struggle' to deliver proposed changes in access and fairness consultation

Hymans said administering authorities are already delivering other time-sensitive changes

Holly Roach
clock 08 July 2025 • 2 min read
Women in Pensions Awards 2025: Shortlists revealed!

Women in Pensions Awards 2025: Shortlists revealed!

Judges have carefully selected the impressive nominees for this year’s awards

Professional Pensions
clock 08 July 2025 • 4 min read
News Digest: Forcing pension funds to buy UK assets is 'form of capital control', says Lloyds boss

News Digest: Forcing pension funds to buy UK assets is 'form of capital control', says Lloyds boss

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 08 July 2025 • 1 min read
Trustpilot