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...

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...

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...