October 28, 2015 By Lisa Smith Shell runs several pension schemes with different features and benefits depending on if you worked for the firm before 2009, still work with the company or have left. If you belong to the Shell Overseas Contributory Pension Fund and were an employee on or before December 31, 2008 and […]
Posts under ‘Shell Pension Fund’
By Lisa Smith: 24 Sept 2015 If you have a pension with oil giant Shell and are worried about what may happen to your retirement savings if you lose your job you need to take specialist financial advice. Many Shell workers have built up significant retirement savings as high-earners in a well-paying industry. The company […]
Outspoken articles about Shell 2015 HERE FIRST TEN DAYS AGO: Lorraine Mitchelmore Fired: 17 November 2015 Shell/Exxon NAM JV cuts 2000 jobs due to low oil price and liability for Dutch earthquakes: 19 Sept 2015 I WARNED WIKIPEDIA YEARS AGO THAT ALIAS EDITING WOULD RESULT IN SCANDAL: 7 Sept 2015 OSSL Whistleblower Email Sent to […]
By John Donovan Trouble is brewing for Shell in the UK as Shell pensioners revolt against the proposed change of name of their association. The “Shell Pensioners’ Association” (SPA) is open to all Shell pensioners in the UK and arranges a raft of social and other events through its Branch network. It also publishes a […]
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 […]
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 […]
Â …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 EDTÂ Â |Â Â Updated: 05/31/2013 12:45 pm EDT Rachel Maddow concluded earlier this […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
The news… was quietly posted on the Shell pensioners website just before Christmas… read more
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 […]
5 January 2012 Last updated at 17:18 Anglo-Dutch oil giant Royal Dutch Shell is to close its final-salary pension scheme to new employees in the UK. From early 2013, new staff at Shell will be offered membership of a scheme without a guaranteed level of pension. Existing members of the Shell scheme can continue contributing […]
By Linda Sandler – Oct 10, 2011 8:30 PM GMT+0100 Shell Pension Fund, which runs pension plans for Royal Dutch Shell Plc (RDSA) companies, joined an appeal of a court ruling in the Bernard Madoff case that denied customer status to so-called feeder fund investors. U.S. Bankruptcy Judge Burton Lifland backed the liquidator of the […]
FINANCIAL TIMES ARTICLES CITING THE WEBSITE: Royaldutchshellplc.com ENERGYSOURCE BLOG December 3, 2009 Spot news …French companies dismiss claims of political fix (FT) Shell critic says oil major targeting his website Royaldutchshellplc.com operator cites released emails (Reuters) Nigerians urge Yar’Adua to step down Warnings of power vacuum… Kate Mackenzie ENERGY SOURCE BLOG February 12, 2010 Shell’s […]
If you haven’t seen the attached, it may interest you to know that the attached is a copy of Sarawak Shell Berhad/Sabah Shell Petroleum Company’s internal management exchange which was leaked by one of the employees who is disgusted with Shell. You may take note that Shell cheats on paying the Retirement Benefit Fund resulting in the class action at Miri High Court by ex and current staff of Sarawak Shell Berhad/Sabah Shell Petroleum Company.
The Irish Times – Tuesday, January 4, 2011 FINTAN O’TOOLE WEVE just been through a year when the unthinkable became normal. The problem is that all the unthinkables have been bad: the nationalisation of the banks and their debts, the arrival of the IMF and so on. Is it not time to consider another unthinkable […]
“The biggest deficit contribution was made by oil group Royal Dutch Shell, which handed £2.7bn to its pension scheme.”
THE WALL STREET JOURNAL By MARK COBLEY and PHIL CRAIG The £10.5 billion ($14.3 billion) pension fund for Royal Dutch Shell PLC has become the latest big investor retreat from active fund management, in a further blow to managers already suffering from reduced market values and a poor economic outlook. In documents posted on the […]
Shell Asset Management Co., the manager of Royal Dutch Shell PLCs various pension funds, has taken its stake in hybrid electric power company Enova Systems to almost 20% following a $10 million capital raising exercise.
A study by consultants Lane Clark & Peacock found a massive turnaround in corporate pension accounts. Royal Dutch Shell’s scheme saw a surplus of £6.8 billion turned into a deficit of £5.6 billion.
Wed Dec 2, 2009 3:04pm GMT By Tom Bergin LONDON, Dec 2 (Reuters) – A prominent Internet critic of Royal Dutch Shell (RDSa.L) says the oil major has asked an anti-cyber fraud agency to target his site, which Shell admits provides better information on the group than its own internal communications. John Donovan, who runs […]
LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) will only have to top up its pension fund by around $5 billion, compared with previous expectations of $6-8 billion, because of the recovery in global equity markets, said Chief Financial Officer Simon Henry Thursday.
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.
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 […]
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.
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 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.
July 23 (Bloomberg) — Royal Dutch Shell Plc, Europes largest oil company, contributed an additional 2 billion euros ($2.9 billion) to its pension fund after falling below a regulatory threshold.
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 published by this website since 2004.
Royal Dutch Shell, BPs main rival, continues to offer a final salary scheme to its UK workforce, but BPs move is likely to prompt fresh speculation that Shell will follow its competitors lead.
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 firms first quarter returns, Voser said the increased contribution amount, up from $1.6bn in 2008, is driven by regulatory and […]
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.
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;
Part of the new arrangement means the fund will now not pay indexation compensation to pensioners from 1 July, as previously stated.
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)
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.
Shell South Africa Pension Fund: Ken Purchase email with Richard Wiseman, Chief Ethics and Compliance Officer, Royal Dutch Shell Plc
Do you stand by your comments that the trustees and Shell are totally independent when the outside professional is formatting his advice and response to me after consulting Wanjiru.Kirima and others who I believe, but may be wrong, are funded by Shell?
I refer to the draft article you intend publishing on your website http//royaldutchshellplc.com, as set forth in an email from yourself to Mr Brandjes on 25 March 2009 at 18h28. Thank you for giving me the opportunity of correcting some facts of which you may not have been aware.
Shell South Africa Pension Fund: Email response 27 March 2009 from Richard Wiseman, Chief Ethics and Compliance Officer, Royal Dutch Shell Plc
From: <[email protected]> Date: Fri, 27 Mar 2009 10:22:14 +0100 To: <[email protected]> Cc: <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]> Subject: RE: Royal Dutch Shell Pension Fund Conspiracy and Deception Just to confirm, we have nothing to add to the replies already given to Mr Purchase. Regards Richard Wiseman Chief Ethics and Compliance Officer Royal Dutch Shell […]
EMAIL FROM JOHN DONOVAN TO MICHIEL BRANDJES, COMPANY SECRETARY & GENERAL COUNSEL, ROYAL DUTCH SHELL PLC: SENT 25 MARCH 2009
Printed below is a draft article. It contains my interpretation of the information contained in email correspondence supplied to me by Shell SA retiree, Mr Ken Purchase. No doubt you will advise if any of the emails are not authentic. If I do not hear from you by close of business on Friday 27 March, I will take it that there is no dispute or challenge over authenticity, stated facts, nor my interpretations or conclusions, and will state as such.
CLICK HERE TO READ PDF FILE (TEXT CAN BE COPIED) OF PAGES 6 AND 7 CURRENT ISSUE OF SPA NEWS (ALLOW TIME TO LOAD) INCLUDES CORRESPONDENCE BETWEEN SHELL UK CHAIRMAN, JAMES SMITH, AND BOB CRAIG, REPRESENTING SHELL UK PENSIONERS
Selection of links to news articles about Shell Pension Fund Problems which are undermining confidence in the proper administration of the funds.
Lex (March 19) states Royal Dutch Shells announcement yesterday of an $8.3bn hole in its pension fund is a sign of the times. In fact Shell disclosed the underfunding quite clearly when it issued its 2008 results on January 29, though it was buried rather deep in the notes.
Second, Shell is to spend an extra $5bn-$6bn on plugging its pension deficit. But Shell is nowhere near insolvent and its pension fund has decades to play with. The deficit figure may be interesting information for investors. Why it should require the diversion of much-needed cash flow right now is a different question.
In December, Shell’s Dutch pension fund told members it had fallen into deficit after share market turmoil knocked 40 percent off its value