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Posts under ‘Shell Pension Fund’

Shell investors sue BP for millions over Deepwater share price crash

Extracts from an article by Jim Armitage, Deputy Business Editor of  The Independent, published 4 July 2014 The pension fund of oil giant Shell is suing arch rival BP and its former chief executive Lord John Browne for millions of pounds over the Gulf of Mexico oil spill catastrophe. Shell Pension Trust is one of […]

Shell Netherlands on warpath with staff council over pensions

You may want to keep an eye on this latest development in relation to the Shell Dutch Pension Fund. Your website was involved in breaking news about the recovery plan for the pension fund after a financial meltdown a few years ago. Shell Netherlands is on a warpath with the staffcouncil. RECEIVED FROM A ROYAL […]

Shell Covered Up The Fact That They Moved Kulluk For Taxes

 …the two Arctic drilling barges deployed by Shell were plagued with issues. The first was under criminal investigation for failing safety requirements, while the second was the Kulluk Rachel Maddow: Shell Covered Up The Fact That They Moved Kulluk For Taxes Posted: 05/31/2013 11:43 am EDT  |  Updated: 05/31/2013 12:45 pm EDT Rachel Maddow concluded earlier this […]

Shell Pension Fund – Should You Consider Your Transfer Options?

Hi John, This short video may be of interest, specifically to Shell Employees. http://www.aesadviser.com/services/qrops/ I have personally spoken with guys who have already started to take their Shell pension, and they have been most dismayed to learn about what they could have had, in the way of a cash equivalent transfer (into their own retirement […]

Financial Advice for Oil & Gas Pension Holders

John   Found this on the web – have no idea if it is for real, but may be of interest to some of your readers?   http://www.aesadviser.com/financial-advice-for-oil-gas-pension-holders/ EXTRACT FROM THE WEBSITE IN QUESTION “I was pleasantly surprised to learn that I was able to transfer my Shell pension into a self invested scheme, with […]

Ageing and sickly, ex-Shell staff wait on court

FROM OUR SHELL NEWS ARCHIVE OCTOBER 2004 New Straits Times: Ageing and sickly, ex-Shell staff wait on court “Some have died. Others are losing their memory and many are ailing.”: “399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers…” “claiming that they […]

Nigeria leaks billions from rampant oil theft

Oil firms and government say nearly 200,000 barrels of oil stolen each day from pipelines and wells by criminal gangs. Last Modified: 03 Aug 2012 11:14   A sophisticated criminal network has stepped up its operations in Nigeria’s Bayelsa State, costing state and oil companies as much as a billion dollars per month. Royal Dutch […]

Union fury as Shell closes pension scheme despite making £18bn profit

Fuel giant Shell has been accused of “moral bankruptcy” for announcing profits of £18billion – just a month after closing its final salary pension scheme for new recruits. Fuel giant Shell has been accused of “moral bankruptcy” for announcing profits of £18billion – just a month after closing its final salary pension scheme for new […]

Pensions anger as even profitable firms cut benefits

Phillip Inman The Observer, Sunday 22 January 2012 When even successful companies such as Shell and Unilever are taking an axe to staff retirement packages, is the outlook bleak for everyone? Unilever, the maker of everything from Pot Noodles to Dove soap, has infuriated its staff by cutting pension payouts – despite being highly profitable. […]

Shell ends the ‘final salary era’

The news… was quietly posted on the Shell pensioners’ website just before Christmas… Shell has ended an era for company pensions with the decision to close its final salary scheme to new joiners. The oil giant was the last FTSE 100 member with a scheme open to everyone. From 2013, new employees will instead be […]

Shell axes final salary pension schemes

By STEVE HAWKES, Business Editor: 6 January 2012 SHELL is to scrap final salary pensions from 2013 — despite making billions in profits. The oil giant will close its scheme to new recruits in two years. All existing staff will be kept on final salary benefits — for now. The move means that every UK […]