ATTN BP Employees,

Updated interest rates that impact your BP Pension (BP RAP) have been released. For a clear understanding of these changing rates, please find attached our interest rate chart detailing the current interest rates influencing your BP RAP and our predictions for where they may head in the future.

What You Need to Know:

  1. Interest Rates: Last month, the interest rates that play a role in calculating your BP RAP pension jumped noticeably and were almost exactly in-line with our projections. We anticipate this trend of rising pension rates to continue into next month.
  2. What Does this Mean for You? If you are thinking about retiring soon, it is crucial to choose your Benefit Commencement Date wisely, especially with rate changes on the horizon.
  3. Why are the Rates Changing? Federal Reserve Chairman, Jerome Powell, stated in a press conference on September 20th, that the Fed was likely to continue raising interest rates again before the end of the year. This caused the bond market to adjust to this new expectation and also raised the question as to whether further rate hikes will be necessary.  This also caused a significant selloff in US stocks following his comments.
  4. What’s Next? These heightened rates could stick around for a few months. However, big events, like a US recession, could change this outlook.

Need Some Guidance?

If all of this feels a bit confusing, don’t worry. We’re here to help! Our team of financial advisors is well-versed in all things related to BP retirement plans. Whether it is the BP RAP, ESP, SVP, RRSP, or any other BP-related plans, we’ve got you covered.

Want to learn more? Simply email us at or give us a call at (877)739-6007.


Capstone Wealth Advisors

Bellingham, WA



Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

Stock investing involves risk, including loss of principal. International & Emerging Markets investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in Emerging Markets.

Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.

Confidentiality Notice: This email transmission and its attachments, if any, are confidential and intended only for the use of particular persons and entities. They may also be work product and/or protected by the attorney-client privilege or other privileges. Delivery to someone other than the intended recipient(s) shall not be deemed to waive any privilege.

Capstone Wealth Advisors and its representatives are separate and apart from any other named entity.