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Financial Times: The Week

By Jeremy Lemer
Published: October 6 2007 03:00 | Last updated: October 6 2007 03:00

Oil & Gas

Shell UK, part of the Royal Dutch Shell oil group, will take a pension contribution holiday. The company said its £12.1bn scheme was heavily in surplus and close to fully funded on a “full buy-out” basis – the most conservative method of valuation. Pensions fund holidays were common in the 1980s and 1990s but in recent years have been discouraged by regulators worried about difficult to predict long-term risks.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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