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.
Shell Pension Fund
Royal Dutch Shell Malaysian pension fund controversy
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
Time to take the tough decisions on oil and gas
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.
Pension deficits threaten 1 in 10 FTSE firms
"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
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.
Shell pension fund manager takes 20% of hybrid power firm
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
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
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.
Around $5 billion to be injected into Shell Pension Fund hit by slump
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
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
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.”
Royal Dutch Shell pumped in 2 billion in rescue payments to its Dutch pension fund
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
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
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.
Shell Pays Extra $2.9 Billion Into Pension Fund
July 23 (Bloomberg) -- Royal Dutch Shell Plc, Europes largest oil company, contributed an additional 2 billion euros ($2.9 billion) to its pension fund after falling below a regulatory threshold.
Final-salary pensions are now ‘finished’
June 7, 2009
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment. Final-salary pensions are now ‘finished’
Your benefits will be scaled back.
Pension experts last week said that final-salary schemes were finished after three big British firms moved to reduce members benefits.
BP said on Tuesday that it would close its final-salary scheme for anyone joining after April 2010. A day later, Barclays said existing members would stop accruing benefits in its scheme, a move expected to hit 18,000 employees. On Friday, Morrisons, the supermarket group, said it would scrap its final-salary scheme for 4,500 existing members.
These are just the latest major companies to throw in the towel: the writings been on the wall for many years, said Ros Altmann, a pensions expert and former Treasury adviser.
File of outspoken articles about Royal Dutch Shell 2004 – 2009
File of outspoken articles about Royal Dutch Shell published by this website since 2004.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
