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...

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...