by alexgkent | Aug 29, 2023 | Media Statements
BP blocks cost of living increase for its pensioners despite record windfall profits. South Wales MPs write to BP’s CEO on behalf of constituents. More than 130 MP’s, including local MPs Carolyn Harris, Swansea East, and Stephen Kinnock, Aberavon, have written to BP’s...
by alexgkent | Aug 21, 2023 | Media Statements
In an unprecedented move, BP shockingly rejected the fair and affordable discretionary cost of living pension increase proposed by its own pension fund in 2023. Despite pension campaigners dismantling bp’s explanations, bp CEO Bernard Looney, who has openly aligned...
by alexgkent | Aug 1, 2023 | Media Statements
bp reports more than £7 billion profits in 6 months – raises dividend – but refuses to restore cut in BP pensions. BP Pensioner group criticises CEO’s claim that restoring cut in BP pensioners’ real incomes would be “a burden” and “hit bp’s bottom line”. bp announced...
by alexgkent | Jul 7, 2023 | Media Statements
Pensioner Group seek Legal Opinion regarding 11% cut in pensioner income. “The Trustees of the BP Pension Fund have today finally admitted that they are working on plans that would fundamentally change the BP Pension Fund which has 60,000 members. Plans involve...
by alexgkent | Jun 21, 2023 | Media Statements
BP Board Preparing to Offload UK Pension Fund Setting-up to pocket multi-£billion surplus Company accused of short-changing pensioners to “fatten goose for market”. BP is understood to be discussing plans to ‘hive-off’ the £20 billion UK Pension Fund which was first...
