Competition Commission probes BP Medical Aid Society and Momentum merger
BP pensioners allege the deal will scale back their benefits, which they say were given to them in perpetuity
25 August 2019 - 17:42
The Competition Commission has launched an investigation into the merger between a small medical scheme for employees of oil company BP Southern Africa (BPSA) and SA’s third-biggest scheme Momentum Health, after a complaint from BP pensioners alleging the deal will scale back their benefits.
At the heart of the complaint is an allegation that the transaction will end the subsidies they receive from BP, benefits they say were given to them in perpetuity...
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