@Shell@Shell improving its leadership but not when it comes to the moral issue of delivering real terms cuts to your own pensioner’s income. Refusing to allow OUR fund to pay discretionary increases from a very healthy surplus is wrong. Show real leadership and fix this. @bppensioner
@bppensioner@bp_plc Or will the @bp_plc leaders just keep thinking “ok so you established these oil fields round the world, built up a multi billion dollar business that we now lead, but what have you done for me lately?”
And let’s not forget, @Shell leaders behaving no better.
@Shell @NGFNatureEnergy @Shell produced more gas at the AGM, refusing to explain why or when the decision was made to renege on previous discretionary pension increases and inflict real terms cuts to @Shell pensioners.
@Shell@Shell don’t be shy, you also finally acknowledged that you had previously paid discretionary increases on pensions when RPI was higher than the scheme minimum. But you refuse to explain why or when you revoked this which has delivered real terms cuts to your own pensioners!
@RachelReevesMP Rachel, are you going to guarantee not to go ahead with Jeremy Hunt’s stupid plan to raid DB pensions? Companies such as @Shell and @bp are already delivering real terms cuts to pensions without the Government stealing more of our funds
@bppensioner That’s a strange position for the trustee to take considering the huge windfall profits @bp was making. I thought they had a duty to do the best for members, so how does inflicting real terms cuts meet that requirement?
@bp and @Shell working together to deliver worse pensions.
@RachelReevesMP@MartinSLewis DB pensioners are worse off as sponsor companies refuse discretionary increases. We also have the current Chancellor proposing to allow sponsor companies to extract surpluses for investment. Please confirm you will not do this.
@MartinSLewis@RachelReevesMP Rachel please confirm you will not go ahead with the current Chancellor’s proposal to allow sponsor companies to extract surplus from DB pensions for investment. We already have @Shell and @bp refusing discretionary increases and cutting real terms income so don’t need this too!
@MartinSLewis Martin, any chance you could help apply some pressure on behalf of DB pensioners from @Shell and @bp
Billions in profits from the energy windfall yet refusing to allow funds in healthy surplus to pay discretionary increases.
Just so wrong delivering real terms cuts to income.
@henryhtapper@stephenctimms@dgpublishingltd Stephen, hopefully that included hearing just how poorly @Shell and @bp have behaved on refusing discretionary pension increases.
@Shell and @bp working to deliver real terms cuts to pensioners for the last 3 years
@UKLabour@RachelReevesMP So please confirm you won’t go ahead with the Chancellor’s plan to allow sponsor companies such as @Shell or @bp to remove from our DB pension for investment. They are already refusing discretionary increases. Then you might have our trust.
@RachelReevesMP The Chancellor needs to rescind end his proposal to pilfer from DB pension funds to attempt to kickstart the economy.
But you need to come clean and state that you will not go ahead with this stupid proposal.
@Shell@bo
@ColinDyer17989 So many wrongs being done to DB pensioners while companies such as @Shell and @bp seem to believe that a fund established for our benefit should be used to support the company in its quest to drive up share prices and the fat bonuses that come as a consequence.
@PeterJ_Morrison@ColinDyer17989 So we were expected to fully understand that what @Shell had done in the past should be forgotten and to anticipate @Shell deciding our pension fund was better used to benefit the company.
So that’s clear then, the suggestion is you can’t trust @Shell.
@bppensioner@bp_plc Sadly @bp and @Shell leaders still think they can carry on ignoring the issue they created. When are they going to own the issue and stop treating our pension funds as company piggy banks?
@RachelReevesMP Rachel, so will you now put clear air between you and the current Chancellor and commit to not raiding DB pension schemes like @Shell Bd @bp to fund a kick start to the economy?
Our funds are being rifled already already, instead of being used to benefit members
@MartinSLewis@mmhpi Martin please look at @Shell treatment if it’s pensioners. Refusing to allow discretionary increase while using the fund surplus to accelerate a plan for low reliance on the company. OUR money not @Shell