BP Pensioner Group

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...

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 established in 1928. The Fund,...