Member consultation: 

simplifying your Fund pension

The trustee of the BP Pension Fund (the Trustee) ran a consultation about a proposal to convert all guaranteed minimum pension (GMP) benefits under the Fund into non-GMP benefits. The consultation period ran from 15 June 2023 to 31 July 2023.

Having considered the comments and feedback received during the consultation period, the Trustee has decided to proceed with GMP conversion but on a modified basis. 


The Trustee’s response to the consultation has been posted to all affected individuals and contains further information about the outcome of the consultation and the modifications to the GMP conversion proposal. A copy of the consultation response is also available here.


The Trustee would like to thank everyone who participated in the consultation.



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