BP has agreed to make more than £1.4bn of additional contributions to its pension schemes over the next five years in a bid to wipe out its deficit by 2017.
The scheme recently told members this year's deficit recovery contribution of £253.7m was brought forward to December 2012. This was on top of contributions of £306.9m to fund benefits accrued by s...
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