House of Commons Work And Pension Committee on Defined Benefit Pensions: Follow-Up Written Submission From The BP Pensioners Group (03/11/2023)

by alexgkent | Nov 6, 2023 | Media Statements

Introduction The BP Pensioners Group (BPPG) represents some 2,400 UK members (active and deferred) of BP’s UK DB Pension Scheme, which is administered by the BP Pension Trustees Ltd. The BPPG was formed in April 2023. The BPPG submitted written evidence in May 2023,...

BP Pensioner Group raises £80,000 – Instructs Counsel and Solicitors (02/11/2023)

by alexgkent | Nov 2, 2023 | Media Statements

The BP Pensioner Group, representing 2,400 BP Pension Fund members, has instructed Andrew Spink KC and counsel team at Outer Temple Chambers and solicitors Stephenson Harwood to act for them in their dispute with BP and the Pension Fund Trustee. Decisions made by BP...

BP Pensioner Group Oral Evidence to UK Parliament Work & Pensions Select Committee Inquiry (18/10/2023)

by alexgkent | Oct 18, 2023 | Media Statements

In oral evidence to the UK Parliament’s Work & Pensions Select Committee Inquiry into Defined Benefit pension schemes, Nick Coleman representing the BP Pensioner Group, criticised what he termed an: “an unseemly grab for pension surpluses which reveals weaknesses...

BP Pensioner Group Statement on Daily Telegraph article published on 2 October 2023 (02/10/2023)

by alexgkent | Oct 2, 2023 | Media Statements

We wish to correct an important error made in the Daily Telegraph article, namely: “Mr Looney and his former management team are facing claims they underfunded BP’s pension scheme, which has led to a 17pc drop in members’ income.” The BP Pension Fund has a c. £5...

BP Pensioner Group calls on law firm Freshfields to investigate potential breaches of BP code of conduct and values (02/10/2023)

by alexgkent | Sep 26, 2023 | Media Statements

BP Pensioner Group calls on law firm Freshfields to investigate potential breaches of BP code of conduct and values. The BP Pensioner Group (BPPG) representing more than 2,300 current and former staff of BP has called on law firm Freshfields, to investigate potential...