BP Pensioner Group

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...

The BP pensioner campaign group does not associate itself with any form of personal attacks directed at bp employees, including the CEO, or indeed any other individuals.

We wish to correct an important error made in the Daily Telegraph article, namely: “Mr Looney and his former management team are facing claims they underfunded BP’s pension scheme, which has led to a 17pc drop in members’ income.” The BP Pension Fund has a c. £5 billion surplus and no additional...

BP Pensioner Group calls on law firm Freshfields to investigate potential breaches of BP code of conduct and values. The BP Pensioner Group (BPPG) representing more than 2,300 current and former staff of BP has called on law firm Freshfields, to investigate potential breaches of BP’s code of...

We appreciate efforts by the Trustees to improve communications with members of the Fund but are extremely disappointed that the 2023 Newsletter and Q&As fall short of what is required and appropriate in serving the best interests of the 60,000 members.  Key questions that we sent to the...

BP CEO Resignation - BP Pensioner Group Statement  As current and former employees of bp, the BP Pensioner group is naturally concerned that bp‘s CEO has been obliged to step down from what is an extremely important role. We hope that the new CEO will show a willingness to engage with the...

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 CEO, Bernard Looney, after bp...

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 himself with this decision,...

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 today that its profits in the...

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 external third-party insurance...