Shell Pension Fund

Shell closes its final-salary pension scheme

5 January 2012 Last updated at 17:18

Anglo-Dutch oil giant Royal Dutch Shell is to close its final-salary pension scheme to new employees in the UK.

From early 2013, new staff at Shell will be offered membership of a scheme without a guaranteed level of pension.

Existing members of the Shell scheme can continue contributing and building up their salary-linked pensions.

As employers look to cut costs, 90% of final-salary schemes have been closed to new members, according to the Association of Consulting Actuaries. read more

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Shell Pension Fund Joins Appeal of Feeder Fund Ruling by Madoff Judge

Oct 10th, 2011

by John Donovan.

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By Linda Sandler – Oct 10, 2011 8:30 PM GMT+0100

Shell Pension Fund, which runs pension plans for Royal Dutch Shell Plc (RDSA) companies, joined an appeal of a court ruling in the Bernard Madoff case that denied customer status to so-called feeder fund investors.

U.S. Bankruptcy Judge Burton Lifland backed the liquidator of the con mans firm in June, saying investors in feeders cant file claims for payment with the estate because they didnt have accounts with the Madoff firm in their own names. More than 50 companies, pension funds and individuals — from National Bank of Kuwait (NBK) SAK and Aozora Bank Ltd. (8304) to Upstate New York Bakery Drivers & Industry Pension Fund — appealed the ruling, asking a district judge to decide whether Lifland erred in defining what a customer was. read more

FINANCIAL TIMES ARTICLES CITING THE WEBSITE: Royaldutchshellplc.com

Sep 19th, 2011

by John Donovan.

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FINANCIAL TIMES ARTICLES CITING THE WEBSITE: Royaldutchshellplc.com

ENERGYSOURCE BLOG December 3, 2009

Spot news

…French companies dismiss claims of political fix (FT) Shell critic says oil major targeting his website Royaldutchshellplc.com operator cites released emails (Reuters) Nigerians urge Yar’Adua to step down Warnings of power vacuum… Kate Mackenzie

ENERGY SOURCE BLOG February 12, 2010

Shell’s directory leak shouldn’t be taken lightly

…corporations (in western countries) to campaign for change in corporate practices. Meanwhile John Donovan at royaldutchshellplc.com is irked , because he says Shell asked him not to make the directory public for security and personal reasons… Kate Mackenzie read more

Royal Dutch Shell Malaysian pension fund controversy

Jan 30th, 2011

by John Donovan.

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If you haven't seen the attached, it may interest you to know that the attached is a copy of Sarawak Shell Berhad/Sabah Shell Petroleum Company's internal management exchange which was leaked by one of the employees who is disgusted with Shell. You may take note that Shell cheats on paying the Retirement Benefit Fund resulting in the class action at Miri High Court by ex and current staff of Sarawak Shell Berhad/Sabah Shell Petroleum Company.

Time to take the tough decisions on oil and gas

Jan 7th, 2011

by John Donovan.

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The Irish Times – Tuesday, January 4, 2011

FINTAN O’TOOLE

WEVE just been through a year when the unthinkable became normal. The problem is that all the unthinkables have been bad: the nationalisation of the banks and their debts, the arrival of the IMF and so on. Is it not time to consider another unthinkable that would be of potentially transformative significance taking back control of our offshore resources.

Wishful thinking is the last thing we need, but it is not far-fetched to suggest that oil and gas finds could play a huge role in Irelands long-term economic and fiscal future. read more

Pension deficits threaten 1 in 10 FTSE firms

May 19th, 2010

by John Donovan.

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"The biggest deficit contribution was made by oil group Royal Dutch Shell, which handed £2.7bn to its pension scheme."

Shell’s Pension Fund Shies Away from Active Management

Mar 1st, 2010

by John Donovan.

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THE WALL STREET JOURNAL

By MARK COBLEY and PHIL CRAIG

The £10.5 billion ($14.3 billion) pension fund for Royal Dutch Shell PLC has become the latest big investor retreat from active fund management, in a further blow to managers already suffering from reduced market values and a poor economic outlook.

In documents posted on the pension plan’s Web site, the fund’s trustees wrote that they had placed an upper limit on the amount they would entrust to stockpickers: 40% of its equities holdings. The fund didn’t say what percentage it previously had under active management, but it didn’t previously have an upper limit. It has also upped the percentage of its investments that go to passive bond investments such as those tracking bond indexes. read more

Shell pension fund manager takes 20% of hybrid power firm

Dec 26th, 2009

by John Donovan.

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Shell Asset Management Co., the manager of Royal Dutch Shell PLCs various pension funds, has taken its stake in hybrid electric power company Enova Systems to almost 20% following a $10 million capital raising exercise.

Pension deficits return to haunt blue-chips

Dec 6th, 2009

by John Donovan.

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A study by consultants Lane Clark & Peacock found a massive turnaround in corporate pension accounts. Royal Dutch Shell's scheme saw a surplus of £6.8 billion turned into a deficit of £5.6 billion.

Shell critic says oil major targeting his website

Dec 2nd, 2009

by John Donovan.

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Wed Dec 2, 2009 3:04pm GMT

By Tom Bergin

LONDON, Dec 2 (Reuters) – A prominent Internet critic of Royal Dutch Shell (RDSa.L) says the oil major has asked an anti-cyber fraud agency to target his site, which Shell admits provides better information on the group than its own internal communications.

John Donovan, who runs the Royaldutchshell.plc website, where disaffected Shell employees post company news and gossip, said the move suggests Shell has adopted more aggressive tactics in its long battle to shut him down. read more

Around $5 billion to be injected into Shell Pension Fund hit by slump

Oct 29th, 2009

by John Donovan.

1 comment

LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB.LN) will only have to top up its pension fund by around $5 billion, compared with previous expectations of $6-8 billion, because of the recovery in global equity markets, said Chief Financial Officer Simon Henry Thursday.

Shell Fund to Expand Alternative Investments

Oct 12th, 2009

by John Donovan.

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One of the U.K.'s biggest pension plans is moving forward with a strategy to invest hundreds of millions of pounds in alternative assets, potentially including hedge funds for the first time. The £10.6 billion ($16.8 billion) U.K. pension fund for oil company Royal Dutch Shell Group PLC agreed to a new strategic investment plan over the summer, according to a recent report to members of the pension plan.

Paddy Briggs elected as a Trustee of Shell Contributory Pension Fund

Sep 14th, 2009

by John Donovan.

1 comment

It has come to our attention that former Shell executive Paddy Briggs (above) has been elected to serve the thirty-three thousand Shell pensioners in the UK as a Trustee of the Shell Contributory Pension Fund for four years commencing January 2010. In addition to the elected members, the Board of Trustees has seven Shell appointees, including UK country chairman James Smith and Clive Mather, the Chairman of the Board.

The manifesto on which Paddy Briggs was elected was:

“I joined Shell Mex and B.P. in 1964 and retired from Shell in 2002 having worked in Shell UK Ltd, Shell International and operating companies in The Netherlands, Hong Kong and Dubai. The Shell that most of us once worked for is long gone – as the reserves scandal and the recent furore over top executive remuneration have shown. Such events, coupled with the deteriorating financial position of many pensioners (which was exacerbated this year by a derisory 0.9% annual pension increase) illustrate the extent of the changes in Shell and confirm the urgent need for a strong defence of SCPF member interests by the one elected MNT Trustee directors. I was First reserve in the elections in 2007 and hope to go one better this time around. If elected I will do my upmost robustly to represent the interests of the Pensioner constituency and all other beneficiaries of the fund.” read more

Royal Dutch Shell pumped in 2 billion in rescue payments to its Dutch pension fund

Sep 4th, 2009

by John Donovan.

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Oil giant Royal Dutch Shell pumped in 2 billion in rescue payments to its Dutch pension fund during the second quarter as it recovered to the 105% minimum funding level on June 30.

Shell Dutch Pension Fund Melt Down Recovery Plan

Jul 23rd, 2009

by John Donovan.

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In December 2008, based on information provided by the website royaldutchshellplc.com, the Financial Times and other news organizations, including the International Herald Tribune reported the the Shell Dutch Pension Fund was substantially underfunded and that employee contributions would have to increase.

Shell put 2 bln eur into Dutch pension fund in Q2

Jul 23rd, 2009

by John Donovan.

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Shell said earlier this year it would need to increase contributions to its pension funds, after turmoil in financial markets decreased the value of their assets.

30 November 2023: Posted by John Donovan

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more

Extremely Slow Shell Broadband

Shell Pension Fund

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THE WALL STREET JOURNAL

By MARK COBLEY and PHIL CRAIG

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