Trustees to be given full discretion over DB scheme surplus release
June 2, 2025
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HPE’s Pre 97 UK pension doesn’t do what it says on the tin for its pensioners who built the company.
“The main object of the Digital Pension Plan is to provide financial security to its members in retirement”.
HPE UK Pre 97 pension pays out in old money valued from around 2002. All pensions should be protected from inflation. UK public sector pensions and other countries across Europe have this protection. But UK national laws do not require Pre 97 pensions to keep up with inflation, relying on companies to use discretionary increases to “do the right thing”.
HPE promotes itself as “one of the world’s most ethical” companies. HPE annual net income for 2023 was $2.025B, a 133.29% increase from 2022.
HPE’s chooses not to share their profits with their UK pensioners while sharing it with shareholders and executives. We know from the media reports that HPE is not alone. We know that at least 7 American headquartered companies behave the same way.
We want the government to support us in our campaign for Pre 97 pension justice. The pension reforms underway must help deliver pension justice for Pre 97 pensioners and their survivors.
HPPA is funded by voluntary donations from its members. If you would like to donate please click here. Please note – if you are paying by cheque then please make the cheque payable to ‘Hewlett Packard Pension Association’ and not HPPA as it says on the donations page.
Spring seems to have arrived in Scotland but who knows about the future? With the current insanity of world events, even the Scottish weather looks
September 23rd 2024 – We submitted the attached document detailing our complaint of breach of good faith, asking our Trustee to progress it with the
Good news members! Your letters to your MP seem to have created the political will to solve the Pre 97 problem. But we are not
On behalf of my constituent Patricia Kennedy, co-chair of the HP Pension Association, I raised the concerns of 32,000 pre-1997 pensioners with Minister @TorstenBell @NiaGriffithMP
Best wishes to all for 2025! Good news, our campaign continues to gain pace and visibility. Together with the companies in the Pre 1997 Alliance,
This folder contains all of the pre-reading material sent to 8 MPs for the meeting with Patricia Kennedy & Brian Lawrence on 20 January 2025.
