Tag Archives: Surplus
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
Surplus extraction – it shouldn’t happen to a nun
I’ve been rather carried away by the Bim and Paul show at the WPC and will continue with cheesy headlines that could dilute the impact of important pension issues. Yes I know the difference between a surplus and a surplice … Continue reading
“A little stick of Blackpool Rock”. Paul and Bim at the WPC
The Work and Pensions Committee concluded the oral evidence to its inquiry into defined benefit pension schemes by bringing together Pension Minister Paul Maynard and the Economic Secretary to the Treasury, Bim Afolami, to the party. Fiona Frobisher (soon to … Continue reading