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Shell Pension Fund In Deficit After Equity Market Fall -Co

12-12-08 6:26 AM EST 

LONDON -(Dow Jones)- Royal Dutch Shell PLC’s (RDSB.LN) pension fund has fallen into deficit after the big drop in global equities markets caused by the financial crisis and economic downturn, a spokesman for the company said Friday.


In 2007, pensions were in surplus with $76 billion of assets versus$62 billion in obligations, the spokesman said. In 2008, equity markets have fallen by 40-60%, bringing down the value of the fund’s assets, he said. 

“We can’t be precise on the status of pensions until the books are closed,” and will update pension holders again in March, he said.

Company Web site: www.shell.com

-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected] dowjones.com

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