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?
Posts under ‘Shell Pension Fund’
Response from Jonathan Mort, legal advisor (and manager?), Shell South Africa Pension Fund
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: <richard.wiseman@shell.com> Date: Fri, 27 Mar 2009 10:22:14 +0100 To: <john@shellnews.net> Cc: <Wanjiru.Kirima@shell.com>, <T.Wood@shell.com>, <jmort@ens.co.za>, <kenpurchase@risumbe.com>, <paddybriggs@brandaware.co.uk>, <michiel.brandjes@shell.com> 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.
Pages 6 & 7 from current issue Shell SPA News: of interest to Shell UK pensioners
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
News headlines file for Royal Dutch Shell Pension Problems
Selection of links to news articles about Shell Pension Fund Problems which are undermining confidence in the proper administration of the funds.
Beady eye for the small print
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.
Theories of rational behaviour are facing crisis
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.
Shell says faces $8.3 bln pension hole
In December, Shell’s Dutch pension fund told members it had fallen into deficit after share market turmoil knocked 40 percent off its value
Shell Reports $8.3 Billion Pension Deficit, Plans Payments
March 18 (Bloomberg) — Royal Dutch Shell Plc reported an $8.3 billion pension plan deficit for 2008 and expects to make significant cash contributions to pensions in addition to the regular annual contribution of between $1 billion and $2 billion.
Shell reveals $6bn pension hole as exec pay rises sharply
The filing also showed that Shells senior executives received sharply higher remuneration last year, even though its performance in terms of shareholder returns was the worst among the leading western oil companies.
Former Shell Executive Paddy Briggs speaks out on Shell pensions
SHELL LIVE CHAT POSTING BY FORMER ROYAL DUTCH SHELL EXEC, PADDY BRIGGS Shell Pensioners in the UK will have received today a letter telling them that their pensions will go up by 0.9% w.e.f. 1st April 2009. To help the many thousands of Shell pensioners on pensions of £8000 per annum (or less) there is [...]
Retiring early? You may not want to bet your life on it.
The study looked at Shell employees who retired at age 55, 60 and 65, between 1973 and 2003. It covered approximately 3,500 people over the 30-year period. Basically, the mortality rate of those who retired at 55 (adjusted for health factors) was twice that of their still-working colleagues.
Pension Funds: Shell investment portfolio declined by 40% in 2008
Shell, heavily invested in equities, saw its investment portfolio decline by 40 per cent in 2008.
Dutch pensions to get more time on solvency-report
Royal Dutch Shell’s (RDSa.L) pension fund also slipped into deficit after its value fell 40 percent, pushing its solvency ratio to 85 percent.


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