Shell’s pension fund has commissioned a report to establish if its long-term strategy needs changing and will submit a recovery plan to the Dutch Central Bank, which is also the country’s pension regulator, next year.
Posts Tagged ‘Royal Dutch Shell Plc.com’
Shell’s pension underfunded, contributions must rise
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.
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Shell pension scheme value falls 40%
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.
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Global energy investment hit by financial crisis
Nov 18 (Reuters) – The growing financial crisis and plunging energy prices have forced companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit.
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