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Posts under ‘Shell Pension Fund’

Shell Fund to Expand Alternative Investments

One of the U.K.’s biggest pension plans is moving forward with a strategy to invest hundreds of millions of pounds in alternative assets, potentially including hedge funds for the first time. The £10.6 billion ($16.8 billion) U.K. pension fund for oil company Royal Dutch Shell Group PLC agreed to a new strategic investment plan over the summer, according to a recent report to members of the pension plan.

Paddy Briggs elected as a Trustee of Shell Contributory Pension Fund

It has come to our attention that former Shell executive Paddy Briggs (above) has been elected to serve the thirty-three thousand Shell pensioners in the UK as a Trustee of the Shell Contributory Pension Fund for four years commencing January 2010. In addition to the elected members, the Board of Trustees has seven Shell appointees, including [...]

Royal Dutch Shell pumped in €2 billion in rescue payments to its Dutch pension fund

Oil giant Royal Dutch Shell pumped in €2 billion in rescue payments to its Dutch pension fund during the second quarter as it recovered to the 105% minimum funding level on June 30.

Shell Dutch Pension Fund Melt Down Recovery Plan

In December 2008, based on information provided by the website royaldutchshellplc.com, the Financial Times and other news organizations, including the International Herald Tribune reported the the Shell Dutch Pension Fund was substantially underfunded and that employee contributions would have to increase.

Shell put 2 bln eur into Dutch pension fund in Q2

Shell said earlier this year it would need to increase contributions to its pension funds, after turmoil in financial markets decreased the value of their assets.

Shell Pays Extra $2.9 Billion Into Pension Fund

July 23 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, contributed an additional 2 billion euros ($2.9 billion) to its pension fund after falling below a regulatory threshold.

Final-salary pensions are now ‘finished’

The Sunday Times June 7, 2009 Final-salary pensions are now ‘finished’ Your benefits will be scaled back. Jennifer Hill Pension experts last week said that final-salary schemes were “finished” after three big British firms moved to reduce members’ benefits. BP said on Tuesday that it would close its final-salary scheme for anyone joining after April [...]

File of outspoken articles about Royal Dutch Shell 2004 – 2009

File of outspoken articles about Royal Dutch Shell published by this website since 2004.

BP yields to pressure and closes final salary pension scheme to new members

Royal Dutch Shell, BP’s main rival, continues to offer a final salary scheme to its UK workforce, but BP’s move is likely to prompt fresh speculation that Shell will follow its competitor’s lead.

Shell to pump $5bn into pension in ’09

Global Pensions by Raquel Pichardo-Allison 30 April 2009 NETHERLANDS– Royal Dutch Shell plans to inject US$5bn into its pension fund in 2009, chief financial officer Peter Voser told analysts yesterday. In a presentation about the firm’s first quarter returns, Voser said the increased contribution amount, up from $1.6bn in 2008, is driven by regulatory and [...]

Shell Pensions 80% Funded, Contributions Raised To Fill Gap

Shell’s contribution to the fund has risen from 5% to 23.6% and the employee contribution has risen from 2% to 8% of salaries, the company said in an update posted on its Web site Saturday. The increased payments should bring the pension’s funding ratio to 105% within three years and 127% by 2023, the company said.

Revealed: bosses’ huge pension pots: Jeroen van der Veer to receive £1,189,285 per year

Two directors have already amassed pension funds which will pay them more than £1m a year on retirement. Jeroen van der Veer, chief executive of oil giant Royal Dutch Shell, has accrued a nest egg worth almost £1.2m;

Shell reduces equities to meet recovery plan

Part of the new arrangement means the fund will now not pay indexation compensation to pensioners from 1 July, as previously stated.

Shell pours more money into its stricken Dutch pension scheme

Financial News Online Mark Cobley 13 Apr 2009  Oil group Royal Dutch Shell has unveiled a multi-million euro rescue package that will increase pension contributions by a factor of more than six to its stricken Dutch scheme, which slid into deficit during the financial crisis last year. SOURCE ARTICLE (SUBSCRIPTION)

Shell Pension Fund Smoke & Mirrors

EXTRACT FROM EMAIL RECEIVED FROM JONATHAN MORT, LEGAL ADVISOR (AND MANAGER?), SHELL SOUTH AFRICA PENSION FUND: It is apparently my draft response (per the email of 15 February 2009) to Mr Purchase (on 18 February 2009) which has driven you to the conclusions of conspiracies, collaborations and unethical conduct so liberally sprinkled through your article. The truth is more mundane, entirely proper, and (sadly for your website) considerably less newsworthy than the spectacular claims made in your draft article.