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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Capita CSP contract, BCSSS appoints BlackRock, warning over IHT pension reforms

Professional Pensions
clock 03 July 2026 • 1 min read
News Digest: Steve Webb - Six things Andy Burnham must do to fix pensions

News Digest: Steve Webb - Six things Andy Burnham must do to fix pensions

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

Professional Pensions
clock 03 July 2026 • 1 min read
SEI to launch two LTAFs in private markets expansion

SEI to launch two LTAFs in private markets expansion

'Another step towards achieving the Mansion House ambition'

Cristian Angeloni
clock 02 July 2026 • 1 min read
Trustpilot