BP pensioners issue legal letters over cost-of-living raises
A group of pensioners have issued legal letters to BP pension trustees and management over its decision not to grant requests for additional disbursements earlier this year.
pensions
Pensioner ire grows as BP snubs inflation payout and ups dividend
Pensioners complained that BP’s decision to reject a request for an inflation-linked increase in payments is “not acceptable” in the face of healthy profits and rising payouts to shareholders.
BP in talks with insurers on deal for £30bn pensions scheme
Energy Voice reported last month on members' concerns over the refusal to increase payments and that the fund could be sold off.
Nest to invest millions in green energy with Octopus Renewables
Nest, the automatic enrolment scheme managing the pensions of nearly a third of the UK workforce, has appointed Octopus Renewables, part of Octopus Group, to boost its investment in clean energy infrastructure.
Pensions row as ConocoPhillips leaves ‘appalling legacy’ amid North Sea exit
US energy major Conoco Phillips has been accused of leaving an “appalling legacy” as it exits the North Sea after 50 years.
London boroughs urged to remove pension investments from fossil fuels
Local authorities across London are being urged to join the fight against climate change by pulling pension fund investments out of fossil fuels.
Don’t get left behind at the start of the pension race
Planning for retirement is just one area in which, with the benefit of hindsight, many people wish they had taken action earlier.
Pension giant to refocus investment in climate friendly firms
A UK pension giant is shifting around 10% of its total investments into a new fund to shield investors from the impact of climate change.
Talks to avert strike by nuclear workers loom
Crucial talks are to be held in a bid to avert the threat of industrial action by thousands of nuclear workers in a row over pensions.
FTSE 350 oil and gas firms’ pension deficit payments at seven-year low
FTSE 350 oil and gas companies are paying less towards meeting their pension shortfalls than at any time since 2009, according to new research. Of all the sectors covered by consultancy Barnett Waddingham’s annual survey, oil and gas was responsible for the biggest decrease in disclosed accounting deficits. Deficit contributions as a proportion of dividends were the lowest of all industries represented in the FTSE 350 at just 2%.
Amec targets asset sales and revamps UK pension scheme as profits take a 19% hit
Amec’s profit for last year fell 19% to £374million, the company confirmed today.