{"id":42578,"date":"2025-09-25T12:23:06","date_gmt":"2025-09-25T12:23:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/42578\/"},"modified":"2025-09-25T12:23:06","modified_gmt":"2025-09-25T12:23:06","slug":"bp-kicks-off-pension-risk-transfer-in-1-6-billion-deal-with-lg","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/42578\/","title":{"rendered":"BP Kicks Off Pension Risk-Transfer in \u00a31.6 Billion Deal With L&#038;G"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">BP Plc has transferred a portion of its UK pension pot to an insurer, the latest move by a major British company to offload risks related to retirement payments. <\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Legal &amp; General Group Plc will manage risks for \u00a31.6 billion ($2.2 billion) of BP\u2019s \u00a318 billion fund, according to a statement Thursday. The pension fund is among the UK\u2019s largest and run by BP\u2019s in-house asset manager. <\/p>\n","protected":false},"excerpt":{"rendered":"BP Plc has transferred a portion of its UK pension pot to an insurer, the latest move by&hellip;\n","protected":false},"author":2,"featured_media":42579,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[16660,27463,38104,38107,138,246,3508,31334,220,38106,111,139,69,244,245,38105,314,2025],"class_list":{"0":"post-42578","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-acquisitions","9":"tag-alternative-investments","10":"tag-bp-plc","11":"tag-brookfield-corp","12":"tag-business","13":"tag-finance","14":"tag-interest-rates","15":"tag-legal-general-group-plc","16":"tag-markets","17":"tag-natwest-group-plc","18":"tag-new-zealand","19":"tag-newzealand","20":"tag-nz","21":"tag-personal-finance","22":"tag-personalfinance","23":"tag-rolls-royce-holdings-plc","24":"tag-superannuation","25":"tag-united-kingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/42578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=42578"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/42578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/42579"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=42578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=42578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=42578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}