HPE’s (Hewlett Packard Enterprise) 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 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.