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Tag Archives: Surplus
Extracting DB surplus with Christos Christou
Christos Christou is a PMI Professional Trustee and has produced this proposal to the Pension PlayPen . For more details scroll to the bottom of this blog. The Challenge • Based on DWP’s impact assessment (Sept 2024), the Government’s surplus … Continue reading
Surplus funds should pay future pensions not subsidise savings plans
Response to Long-term cost of LGPS holding too much (or little) to pay pensions. PensionsOldie says: September 20, 2025 at 7.32 (Edit) Inter-generational fairness is a big issue that should be considered in private sector DB funds as well, whether open or … Continue reading
Is Shell De-risking or De-stroying its pension good will?
I’ve been outing poor practice at the BP DB scheme. It may just have become too big for the insurers but it hasn’t woken up to the advantage of running on. Now the champion Beverly Ord has brought to my … Continue reading
Křetínský’s bid for IDS secures not scuppers Royal Mail’s CDC plan
Those who think that Daniel Křetínský’s bid for his EP Group (Bidco) to take over Royal Mail and stop the CDC scheme had best read the small print of its offer for IDS (Royal Mail’s parent). The RMCPP is the … Continue reading
Posted in pensions
Tagged CDC, CWU, Jon Millidge, pension, pension surplus, Royal Mail, Surplus, Terry Pullinger, Unite
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We want our Royal Mail delivering parcels post and pensions
As the Times pithily puts in “this time the Czech really is in the post”. At a recent CDC event , DWP told us we could expect to see Royal Mail’s CDC scheme in operation this year. After 6 years … Continue reading
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
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
“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
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
Putting members first. A proposal for the taxation of pension surpluses
My good friend “Pension Oldie” picked up on my blog yesterday about the pension surpluses currently being enjoyed by the trustees but not the sponsors or members of the BP and Shell pension schemes – and many more (mine included). … Continue reading