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

XPS Group posts half-year results reporting 13% rise in revenue

XPS Group posts half-year results reporting 13% rise in revenue

Results show revenues hit £128.5m in the six months to September 2025

Holly Roach
clock 20 November 2025 • 2 min read
News Digest: Will AI devour my pension?

News Digest: Will AI devour my pension?

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

Professional Pensions
clock 20 November 2025 • 1 min read
Fiduciary mandates decline as DB market matures and insurance transactions 'surge'

Fiduciary mandates decline as DB market matures and insurance transactions 'surge'

Isio says buy-ins have more than doubled year-on-year

Holly Roach
clock 19 November 2025 • 2 min read
Trustpilot