BP Pensioner Group

2023 is likely to go down as the year of the GREAT BETRAYAL OF BP PENSIONERS BY BP. In an unprecedented move by bp, the request made to them by bp pension trustees for a discretionary pension increase has been declined; a decision that reneged on bp’s long-standing pledge to increase bp DB...

When is a bp commitment not a commitment? The graphic shows an extract from a BP pensions newsletter dating to 1996 and includes: “the Trustees with the agreement of the company, have stated that they intend to follow a policy of increasing pensions in line with RPI wherever possible even when...

Having respect for and being respectful of other people is ingrained in us from an early age and is an important value to have both from a personal perspective as well as within a business context. BP pensioners deserve respect. Their legacy underpins the bp of today. That they have earned it is...

Surely the bp leadership are aware of the potential consequences of their decision to decline the recommendation from bp pension trustees for a discretionary pension increase. An increase which would have ensured the bp pensioners’ pensions do not lag behind inflation. Assuming the bp leadership...

It might be a bit clichéd but the profile of the bp pension campaign aligns itself very neatly with the iceberg principle. There is the tip, the most visible element. This consists of the members of the bp pensioner campaign group. In keeping with the iceberg analogy, beneath them resides the...

Trust is an expectation that something agreed or said in the past will be delivered today and in the future. That’s the nub of the current disagreement between bp pensioners and bp. Over 60,000 bp pensioners have given skills, knowledge and time to bp in exchange for a remuneration package with an...

Fair treatment. That’s what’s at the heart of the current bp pensioner campaign. This follows the decision by bp leadership to refuse the requested discretionary 4% increase (over and above the 5% cap) requested by the bp pension trustees. Recent comparisons between bp salary uplift and bp pension...