Tag Archives: BP
BP, Shell , Hewlett Packard – Parliament is watching the way you treat your pensioners.
Thanks to Alistair Carmichael, MP for the Shetlands and the Orkneys (a BP heartland) for securing a 90 minute debate on private pensions. Despite an attempt late in the debate to hi-jack the debate by Therese Coffey, this was not … Continue reading
“Calpers will not be silenced” – what matters “over there” – matters here.
Here are the brutal facts. Two shareholders filed a case against Exxon (Esso to us) for its climate policy. The shareholders were forced to withdraw the filings and were pursued by Exxon after withdrawal with civil action. Marcie Frost of … Continue reading
Fortress BP – a British institution pulls up the drawbridge on its pensioners
I am sorry to hear from the BP Pensioners Group that BP has been less than transparent in its dealings with its pensioners. Reports from the meeting tell of the BPPG’s questions being deemed “not relevant to the AGM“. While … Continue reading
“For countless pensioners, BP will forever be known as ‘Broken Promises'”
Everyone gets to talk about pensions except pensioners. Many people will feel that the BP pensioners are impertinent in responding to a Government consultation on the use of pension surpluses. But this blog supports the calls on BP to keep … Continue reading
Anger at corporate scrooges grows
A pension is for life – not just for Christmas, but it would be well to think of the corporate misers who fail to share their windfall pension surpluses with staff as Scrooges. Patrick Hosking in the Times writes on … Continue reading
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Tagged 3M, Amex, BP, Chevron, Goldman Sachs, Hewlett-Packard, pfizer, Shell
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BP silent as parliament speaks for their pensioners.
The BP pensioners are getting no response from BP and are asking “is this breaching BP’s Code of Conduct?” It has been argued on social media that the BP Pensioner Group should take BP and its pension trustees to court. … Continue reading
Surplus to requirements? BP’s $700m tax windfall
The FT has broken tbe story that $700m of the $3bn profits declared for the last three months of 2023 were attributable to a pension tax windfall. The $700m relates to 10% of the $7.9bn surplus in its DB … Continue reading
What the BP pensioners say about our consumer duty
Please read this post and then consider, whether you are a trustee, adviser or funder to a UK pension scheme, how you treat your fish. The specifics of the BP action group’s campaign are simple. BP has a surplus … Continue reading
Pensions Minister agrees to look into BP issue.
In a Parliamentary debate in Westminster Hall this week, 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 … Continue reading
BP – please spend your pension fund on pensions
BP is not a poor company. It has a very good pension scheme , with a fund which was created to be paid over time to its staff. Till payments are due, the fund can be invested for the benefit … Continue reading