BP Pensioner Group

“Easing controls on surplus extraction should only be considered alongside new measures that protect pension fund members”. The BP Pensioner Group (BPPG) has called for more measures to protect 9 million members of UK Defined Benefit (DB) pension funds, replying to the Government’s consultation on...

“The report resets the UK pension debate - by reminding employers and trustees that the interests of pension scheme members are paramount.” The BP Pensioner Group – representing 2,800 members of the BP Defined Benefit Pension Scheme – strongly welcomed the findings of Parliament’s Work &...

“A missed opportunity and lack of good faith by BP leadership” BP held an ‘on-line’ Information Session for members of its UK Pension Scheme on 20th February 2024. This one-way broadcast was arranged to address concerns raised by thousands of pensioners regarding decisions made by BP executive...

Pensions Minister agrees to look into BP issue. In a Parliamentary debate in Westminster Hall today , Alistair Carmichael, MP (Orkney & Shetland) told UK Pension’s Minister Paul Maynard that BP appeared to be “dealing from the bottom of the deck” when it came to pension decisions made by its...

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 Helios Fund BP has said it will...

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 a process started by the...

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 Bernard Looney rejected the BP...

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, and provided oral evidence on...

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 and the Trustee have led to an...

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 and conflicts of interest in...