All in all, the total value of the Pension Funds investments has declined by some 40% since the start of this year.
Posts on ‘December 13th, 2008’
The fund said in a letter sent to its members this week that its funding ratio — a measure of how well a pension scheme can meet its liabilities — was 85 percent at the end of November, down from 180 percent at the end of 2007. A full copy of the letter is published on activist website royaldutchshellplc.com.
New top men in Shell, at least in recent times, have wanted to do something to imprint their style and authority on the organisation. From Cor Herkstroter onwards successive CEOs have talked of change, usually with buzz words like transformation. In the 1990s and into the new millennium the argot at the top often talked [...]
PLUNGING equity markets have seen the total assets of Royal Dutch Shell’s Dutch pension fund fall below the level required by Holland’s central bank, De Nederlandsche Bank (DNB).
Even sector heavyweights such as Royal Dutch Shell PLC have been affected: the Anglo-Dutch major is holding off on around 200,000 barrels a day of extra capacity in an effort to cut costs
FT: The letter was published by royaldutchshellplc.com, a website used to air complaints against Shell. The letter said that its assets were 70 per cent invested in equities and there was an above average allocation to emerging markets, both sectors that have suffered badly in the downturn.