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Posts Tagged ‘Shell Pension Fund’

Royal Dutch Shell A fell 49p to £17.50 after reports its Dutch pension fund has fallen into deficit

Royal Dutch Shell A fell 49p to £17.50 after reports that its Dutch pension fund has fallen into deficit, with stock market turmoil knocking 40 per cent off its value.

THE SHELL PENSION FUND LETTER WHICH HAS MADE NEWS AROUND THE WORLD

All in all, the total value of the Pension Fund’s investments has declined by some 40% since the start of this year.

Shell ordered to make up pension shortfall

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).

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.

Shell’s pension underfunded

International Herald Tribune: Royal Dutch Shell’s Dutch pension fund has fallen into deficit as share market turmoil knocked 40 percent off the fund’s value, forcing the oil major and employees to increase contributions

Shell’s Dutch pension fund tumbles by 40pc

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, although the company’s UK pension scheme remains fully funded.

Shell declines to say if other Shell pension funds in the UK or elsewhere are also in deficit

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.

Shell Pension Fund scandal revealed on royaldutchshellplc.com makes global news

The drop in ratio is a result of the fund’s focus on equities and the fund said it would now decrease its share investments and shift into government bonds to reduce risk, the letter, seen by Reuters, said. A full copy of the letter is published on activist website royaldutchshellplc.com.

Shell Dutch Pension Fund Falls Below Legal Reserve Ratio

More pension funds in trouble Friday 12 December 2008 Shell’s Dutch pension fund has fallen below the legal reserve ratio of 105% to 85%, the Telegraaf reports on Friday, quoting BNR radio. The claim is based on a letter to Shell employees, the radio station said. A reserve ratio of 100% means the fund has [...]

Shell Live Chat Posting by a disillusioned Shell Pensioner

POSTING ON “SHELL LIVE CHAT” BY A SHELL PENSIONER, Thursday 11 December 2008 I just received a letter from Shell Pensionfund (dutch) that the coverage has dropped to 85% (Dutch legal limit is 105%). About a year ago it was around 170% I believe. Some amateurs have been gambling with the fund and now there [...]

JPMorgan Wins Multinational Asset Pooling Mandate for Royal Dutch Shell’s Asset Management Compan

JPMorgan today announced an agreement with Shell Asset Management Company (SAMCo), the asset management arm of Royal Dutch Shell, enabling a global provision to service Shell corporate pension and insurance plans with total assets in excess of $70 billion.