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Shell Pension Fund

Shell Pension Fund – Should You Consider Your Transfer Options?

Apr 10th, 2013
by John Donovan.
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Screen Shot 2013-04-10 at 19.17.12

Hi John,

This short video may be of interest, specifically to Shell Employees.

http://www.aesadviser.com/services/qrops/

I have personally spoken with guys who have already started to take their Shell pension, and they have been most dismayed to learn about what they could have had, in the way of a cash equivalent transfer (into their own retirement trust) and the massive improvement that such a move heralds in relation to passing their fund to their wife and kids, in addition to the possibility for higher growth between now and retirement and higher levels of income at retirement, than if they were to stay in the Shell scheme. read more

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.

Shell ends the ‘final salary era’

Jan 15th, 2012
by John Donovan.
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The news… was quietly posted on the Shell pensioners’ website just before Christmas… read more

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.

Paddy Briggs elected as a Trustee of Shell Contributory Pension Fund

Sep 14th, 2009
by John Donovan.
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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

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.

Shell to pump $5bn into pension in ’09

Apr 30th, 2009
by John Donovan.
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Global Pensions

by Raquel Pichardo-Allison 30 April 2009

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 firm’s 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.”  read more

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.

Shell Pensions 80% Funded, Contributions Raised To Fill Gap

Apr 27th, 2009
by John Donovan.
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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.

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EMAIL FROM JOHN DONOVAN TO MICHIEL BRANDJES, COMPANY SECRETARY & GENERAL COUNSEL, ROYAL DUTCH SHELL PLC: SENT 25 MARCH 2009

Apr 1st, 2009
by John Donovan.
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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.

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.

News headlines file for Royal Dutch Shell Pension Problems

Mar 27th, 2009
by John Donovan.
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Selection of links to news articles about Shell Pension Fund Problems which are undermining confidence in the proper administration of the funds.

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.

Theories of rational behaviour are facing crisis

Mar 23rd, 2009
by John Donovan.
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Second, Shell is to spend an extra $5bn-$6bn on plugging its pension deficit. But Shell is nowhere near insolvent and its pension fund has decades to play with. The deficit figure may be interesting information for investors. Why it should require the diversion of much-needed cash flow right now is a different question.

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.

Shell says faces $8.3 bln pension hole

Mar 18th, 2009
by John Donovan.
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In December, Shell's Dutch pension fund told members it had fallen into deficit after share market turmoil knocked 40 percent off its value

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Shell Reports $8.3 Billion Pension Deficit, Plans Payments

Mar 18th, 2009
by John Donovan.
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March 18 (Bloomberg) -- Royal Dutch Shell Plc reported an $8.3 billion pension plan deficit for 2008 and expects to make “significant” cash contributions to pensions in addition to the regular annual contribution of between $1 billion and $2 billion.

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Pension Funds: Shell investment portfolio declined by 40% in 2008

Mar 2nd, 2009
by John Donovan.
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Shell, heavily invested in equities, saw its investment portfolio decline by 40 per cent in 2008.

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.

Dutch pensions to get more time on solvency-report

Feb 20th, 2009
by John Donovan.
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Royal Dutch Shell's (RDSa.L) pension fund also slipped into deficit after its value fell 40 percent, pushing its solvency ratio to 85 percent.

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Dutch Shell Pension Fund Scandal: Negligent Administration?

Dec 26th, 2008
by John Donovan.
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The shock waves have however been such that Clive Mather, Chairman of the trustees of the Shell Contributory Pension Fund, has felt it necessary to send a message of reassurance to Shell UK pensioners. Dutch Shell pensioners will no doubt find it informative to contrast their uncertain situation with that of their UK counterparts.

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.

Madoff fraud costs pension funds €44m so far

Dec 22nd, 2008
by John Donovan.
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Samco, the asset management company of the Shell pension funds, said last week it had a total of $45m (€32.2m) through indirect investments on behalf of the Dutch Shell Pension Fund...

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.

Royal Dutch Shell Pension Fund Machinations

Dec 21st, 2008
by John Donovan.
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On 12 December news surfaced that the Dutch pension fund of Royal Dutch Shell is heavily in deficit, with a 40% plunge in value as a result of share market turmoil. A $45 million exposure to the "Madoff" fraud was revealed a few days later following speculation surrounding the stability of the fund.

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.

Bernard Madoff ‘fraud’: The list of the casualties including Shell

Dec 19th, 2008
by John Donovan.
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The Dutch pension fund of Royal Dutch Shell said it has a $45m exposure to the alleged $50bn fraud by prominent Wall Street trader Bernard Madoff.

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.
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