The Defined Contribution 2010 Pension Plan

Making plans for your retirement is really important. BP can help you achieve your goals and has set up a pension plan with us, Aegon, to help you save for your retirement. This site helps you understand what your pension is all about and how it can help you get the retirement that you want. You can build up valuable savings for later by joining the Defined Contribution 2010 Pension Plan, which BP offers you as part of your benefits package.

About your pension

So, let’s get started – first of all, please read the Easy steps to joining your company pension scheme(Opens new window)(Opens new window)(Opens new window)(Opens new window) booklet. This booklet looks at the basics of company pensions in broad terms only, so please read it together with the following information(Opens new window)(Opens new window)(Opens new window)(Opens new window), to help you understand the finer details of how your pension plan works and why it’s important to save for the future.

Don’t forget that the money you get from the pension plan that BP has put in place for you, could make it much easier for you financially when you’re retired.

How contributions work 

Next, find out more about how contributions work(Opens new window)(Opens new window)(Opens new window) and how to make them. Remember, the sooner you start saving, the longer your savings have to grow.

Investment options

Now that you know how to make your contributions, have a look at what your investment options(Opens new window) are.

When you save for your pension, you shouldn’t just focus on how much goes into it. You should also regularly review how it’s being invested. 

Finding more information 

So, now you’ve found out all about your pension plan and its benefits, you might want some more information. Here are a couple of things to think about.

  • Review your contribution levels at least once a year or if your circumstances change
  • Review your fund selection on a regular basis, to make sure your investment approach is right for the different life stages you go through.
  • Get more information on joining the scheme(Opens new window)

 

The value of investments can go down as well as up. You may get back less than you invested.

Please note that the links below this line don’t apply to the DC2010 plan – these are links to generic Aegon information.