It is time BP asked itself what it’s outrageous position is doing for itself. For all the money it has paid into pensions, its pension is causing them nothing but a problem. Its reputation is diminishing over the time of this dispute. Anyone who knows about pensions knows that eventually BP will need to pay some of its surplus to the people who it promised this money to.
BP employed some very talented people who had strong principles. Murray is one of them. They will not give up on getting the pensions they were promised.
When only 8 to 15 mega-trusts dominate the entire defined contribution (DC) and LGPS landscape, peer-group risk may override manager…