BP Pensioner Group launches legal process against BP Pension Fund

Group commences legal challenge over 11% reduction in value of members’ pensions

Martin Richmond
clock • 3 min read
BP Pensioner Group launches legal process against BP Pension Fund

The BP Pensioner Group has confirmed it has begun a legal process against the directors of the BP Pension Fund in relation to a reduction in the value of members’ pensions.

The group, which is comprised of approximately 2,500 members, said it had sent confidential legal letters to senior members of BP management and directors of the BP Pension Fund Trustee in a disput...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DC consolidation concern, TPO order for trustee director, CDC consultation responses

Professional Pensions
clock 22 November 2024 • 1 min read
Mansion House proposals 'ambitious' and 'huge task' for industry

Mansion House proposals 'ambitious' and 'huge task' for industry

Industry experts says consolidation into megafunds presents ‘complexity’

Holly Roach
clock 22 November 2024 • 2 min read
XPS Group revenues up 23% to £113.4m in six months

XPS Group revenues up 23% to £113.4m in six months

Consultancy says advisory and administration accounting grew for tenth half year of year-on-year growth

Jasmine Urquhart
clock 21 November 2024 • 2 min read
Trustpilot