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.
Shell Pension Fund
Shell Pays Extra $2.9 Billion Into Pension Fund
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, shellnews.net, and shellwikipedia.com,
are owned by John Donovan. There is also a Wikipedia segment.
Final-salary pensions are now ‘finished’
June 7, 2009
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, shellnews.net, and shellwikipedia.com,
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.
BP yields to pressure and closes final salary pension scheme to new members
Royal Dutch Shell, BPs main rival, continues to offer a final salary scheme to its UK workforce, but BPs move is likely to prompt fresh speculation that Shell will follow its competitors lead.
Shell to pump $5bn into pension in ’09
Global Pensions
NETHERLANDS Royal Dutch Shell plans to inject US$5bn into its pension fund in 2009, chief financial officer Peter Voser told analysts yesterday.
In a presentation about the firms first quarter returns, Voser said the increased contribution amount, up from $1.6bn in 2008, is driven by regulatory and other legal requirements.
Voser said: The sharp decline in the world markets at the end of 2008 has left pension deficits for many companies, and Shell is not immune from that.
Shell Pensions 80% Funded, Contributions Raised To Fill Gap
Shell's contribution to the fund has risen from 5% to 23.6% and the employee contribution has risen from 2% to 8% of salaries, the company said in an update posted on its Web site Saturday. The increased payments should bring the pension's funding ratio to 105% within three years and 127% by 2023, the company said.
Revealed: bosses’ huge pension pots: Jeroen van der Veer to receive £1,189,285 per year
Two directors have already amassed pension funds which will pay them more than £1m a year on retirement. Jeroen van der Veer, chief executive of oil giant Royal Dutch Shell, has accrued a nest egg worth almost £1.2m;
Shell reduces equities to meet recovery plan
Part of the new arrangement means the fund will now not pay indexation compensation to pensioners from 1 July, as previously stated.
Shell pours more money into its stricken Dutch pension scheme
Financial News Online
Mark Cobley
13 Apr 2009
Oil group Royal Dutch Shell has unveiled a multi-million euro rescue package that will increase pension contributions by a factor of more than six to its stricken Dutch scheme, which slid into deficit during the financial crisis last year.
SOURCE ARTICLE (SUBSCRIPTION)
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, shellnews.net, and shellwikipedia.com,
are owned by John Donovan. There is also a Wikipedia segment. 13 Apr 2009
Oil group Royal Dutch Shell has unveiled a multi-million euro rescue package that will increase pension contributions by a factor of more than six to its stricken Dutch scheme, which slid into deficit during the financial crisis last year.
SOURCE ARTICLE (SUBSCRIPTION)
Shell Pension Fund Smoke & Mirrors
EXTRACT FROM EMAIL RECEIVED FROM JONATHAN MORT, LEGAL ADVISOR (AND MANAGER?), SHELL SOUTH AFRICA PENSION FUND: It is apparently my draft response (per the email of 15 February 2009) to Mr Purchase (on 18 February 2009) which has driven you to the conclusions of conspiracies, collaborations and unethical conduct so liberally sprinkled through your article. The truth is more mundane, entirely proper, and (sadly for your website) considerably less newsworthy than the spectacular claims made in your draft article.
Shell South Africa Pension Fund: Ken Purchase email with Richard Wiseman, Chief Ethics and Compliance Officer, Royal Dutch Shell Plc
Do you stand by your comments that the trustees and Shell are totally independent when the outside professional is formatting his advice and response to me after consulting Wanjiru.Kirima and others who I believe, but may be wrong, are funded by Shell?
Response from Jonathan Mort, legal advisor (and manager?), Shell South Africa Pension Fund
I refer to the draft article you intend publishing on your website http//royaldutchshellplc.com, as set forth in an email from yourself to Mr Brandjes on 25 March 2009 at 18h28. Thank you for giving me the opportunity of correcting some facts of which you may not have been aware.
Shell South Africa Pension Fund: Email response 27 March 2009 from Richard Wiseman, Chief Ethics and Compliance Officer, Royal Dutch Shell Plc
From: <[email protected]>
Date: Fri, 27 Mar 2009 10:22:14 +0100
To: <[email protected]>
Cc: <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]>, <[email protected]>
Subject: RE: Royal Dutch Shell Pension Fund Conspiracy and Deception
Just to confirm, we have nothing to add to the replies already given to Mr Purchase.
Regards
Richard Wiseman
Chief Ethics and Compliance Officer
Royal Dutch Shell plc
Shell Centre, London SE1 7NA
EMAIL FROM JOHN DONOVAN TO MICHIEL BRANDJES, COMPANY SECRETARY & GENERAL COUNSEL, ROYAL DUTCH SHELL PLC: SENT 25 MARCH 2009
Printed below is a draft article. It contains my interpretation of the information contained in email correspondence supplied to me by Shell SA retiree, Mr Ken Purchase. No doubt you will advise if any of the emails are not authentic. If I do not hear from you by close of business on Friday 27 March, I will take it that there is no dispute or challenge over authenticity, stated facts, nor my interpretations or conclusions, and will state as such.
Pages 6 & 7 from current issue Shell SPA News: of interest to Shell UK pensioners
CLICK HERE TO READ PDF FILE (TEXT CAN BE COPIED) OF PAGES 6 AND 7 CURRENT ISSUE OF SPA NEWS
(ALLOW TIME TO LOAD)
INCLUDES CORRESPONDENCE BETWEEN SHELL UK CHAIRMAN, JAMES SMITH, AND BOB CRAIG, REPRESENTING SHELL UK PENSIONERS
News headlines file for Royal Dutch Shell Pension Problems
Selection of links to news articles about Shell Pension Fund Problems which are undermining confidence in the proper administration of the funds.
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.
