From Department of Labor data, Form 5500 reporting that applies to almost all private sector retirement plans: 1975 Data: About…
This maybe applies to around half of Baby Boomers in the UK, Jack. But only to that generation, of which…
"... most of rely on a state pension and an occupational pension. We still expect a reasonable wage in retirement…
Fair enough. I don't speak from insider knowledge, it's just my perception as an Outsider-looking-in from speaking to scheme members.
Tag Archives: BP
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
Scrooge or Santa? BP’s 12 days of Christmas
Lesley M.Lesley M. • 2nd • 2ndRetired from BPRetired Have you been following the the BP pensioner’s’12 days of Christmas’ campaign? Please visit them if you have missed any, add your own thoughts and share with your networks. The links … Continue reading
BP’s rotten core put self-interest above pensioner promises.
In an open letter to BP Board Chair Helge Lund, BP interim CEO Murray Auchincloss and BP Pension Trustees Chair Brendan Nelson. Alex Kent – a BP pensioner writes A dispute has arisen between BP and defined benefit BP pensioners. The previous bp … Continue reading
BP’s £30bn insurance policy; could a boardroom bonanza be a national disaster?
Fund’s trustees considering paying an insurer to take over liabilities of energy group’s UK final salary plan The headlines and trustee statements talking about selling the liabilities, in practice, BP will be selling the assets to pay for an insurance … Continue reading
Matthea Pauc’s “re-educating earthlings” – how do we respond?
For the first time in 25 episodes, Darren and Nico introduced me to someone I not only didn’t know, but had never heard of! Mattea Pauc, founder of Re-educating Earthlings and author of books such as “Will Mr Sloth save … Continue reading
The German Grand Prix and fixed results
I have no doubt that Ferrari will have to bow to the pressure of the spectators who demand “racing” not team orders. Senior Executives who forget their wider stakeholders would do well to learn that the media by which their decisions are judged is now truly “social”. Continue reading
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