A Rebuttal by the BP Pensioner Group to BP’s Statement: ‘An Update on UK Pension Concerns’ – (Updated: 15/1/2024)

by alexgkent | Jan 15, 2024 | Media Statements

On 30 November 2023, BP posted a ‘standard’ response statement ‘An Update on UK pension concerns’ on its company website regarding its dispute involving thousands of its UK pensioners.  The BP Pensioner Group rebuts a number of the claims and assertions made. bp...

BP Board Dismisses Former CEO Bernard Looney for Serious Misconduct – (13/12/2023)

by alexgkent | Dec 14, 2023 | Information

On 13 December the BP Board announced the dismissal of former CEO Bernard Looney for reasons of serious misconduct.   BP also stopped Mr Looney from receiving remuneration of £32,460,000 consisting of salary, benefits and annual bonus, unvested share awards and...

Pensioners Commence Legal Process to call to account BP and the BP Pension Fund Trustee for actions taken in relation to Pension increases – (08/12/2023)

by alexgkent | Dec 8, 2023 | Media Statements

Following the appointment of Andrew Spink KC and solicitors Stephenson Harwood LLP, by the BP Pensioner Group, confidential legal letters have today been issued to senior members of BP management and directors of the BP Pension Fund Trustee. This is the culmination of...

A Rebuttal from the BP Pensioner Group on BP’s Statement: ‘An Update on UK Pension Concerns’ – (06/12/2023)

by alexgkent | Dec 7, 2023 | Uncategorized

The BP Pensioner Group rebuts several assertions made by BP in its 30 November statement: ‘An Update on UK pension concerns’. 1. bp Helios Fund The £2,500 is only available to pensioners with a household income no greater then £30,000. This will limit the...

BP’s interim CEO offers one-off charity handout to pensioners – while cutting real value of 60,000 BP pensions by 11% (02/12/2023)

by alexgkent | Dec 2, 2023 | Media Statements

The BP Pensioner Group has described the decision by BP’s new interim CEO, Murray Auchincloss to offer a ‘one-off’ charity handout of £2,500 to some pensioners as completely inadequate and evidence of a tone-deaf leadership at the Company. In April, BP’s former CEO...