All in all, the total value of the Pension Funds investments has declined by some 40% since the start of this year.
Shell Pension Fund
THE SHELL PENSION FUND LETTER WHICH HAS MADE NEWS AROUND THE WORLD
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 ordered to make up pension shortfall
PLUNGING equity markets have seen the total assets of Royal Dutch Shell's Dutch pension fund fall below the level required by Holland's central bank, De Nederlandsche Bank (DNB).
Shell pension scheme value falls 40%
FT: The letter was published by royaldutchshellplc.com, a website used to air complaints against Shell. The letter said that its assets were 70 per cent invested in equities and there was an above average allocation to emerging markets, both sectors that have suffered badly in the downturn.
Shell’s pension underfunded
International Herald Tribune: Royal Dutch Shell's Dutch pension fund has fallen into deficit as share market turmoil knocked 40 percent off the fund's value, forcing the oil major and employees to increase contributions
Shell’s Dutch pension fund tumbles by 40pc
Plunging equity markets have seen the total assets of Royal Dutch Shell's Dutch Pension Fund fall below the level required by Holland's central bank, although the company's UK pension scheme remains fully funded.
Shell declines to say if other Shell pension funds in the UK or elsewhere are also in deficit
Shell's pension fund has commissioned a report to establish if its long-term strategy needs changing and will submit a recovery plan to the Dutch Central Bank, which is also the country's pension regulator, next year.
Shell Pension Fund scandal revealed on royaldutchshellplc.com makes global news
The drop in ratio is a result of the fund's focus on equities and the fund said it would now decrease its share investments and shift into government bonds to reduce risk, the letter, seen by Reuters, said. A full copy of the letter is published on activist website royaldutchshellplc.com.
Shell Dutch Pension Fund Falls Below Legal Reserve Ratio
More pension funds in trouble
Friday 12 December 2008
Shells Dutch pension fund has fallen below the legal reserve ratio of 105% to 85%, the Telegraaf reports on Friday, quoting BNR radio. The claim is based on a letter to Shell employees, the radio station said.
A reserve ratio of 100% means the fund has sufficient assets to meet all its pension obligations.
The Shell pension fund regulation includes an agreement that if its reserves are below 105% for six months, the company must shore up its assets. Some staff also face higher premiums next year, the paper says.
Shell Live Chat Posting by a disillusioned Shell Pensioner
POSTING ON “SHELL LIVE CHAT” BY A SHELL PENSIONER, Thursday 11 December 2008
I just received a letter from Shell Pensionfund (dutch) that the coverage has dropped to 85% (Dutch legal limit is 105%). About a year ago it was around 170% I believe.
Some amateurs have been gambling with the fund and now there is a huge shortfall. I still have the letters of the past where they were congratulating themselves with the good management and strategies… And no doubt cashing in big bonusses. Why did nobody convert shares to bonds when there was this enormous surplus? That would be good husbandry. But like other Shell functions, it always has to be better and more.
JPMorgan Wins Multinational Asset Pooling Mandate for Royal Dutch Shell’s Asset Management Compan
JPMorgan today announced an agreement with Shell Asset Management Company (SAMCo), the asset management arm of Royal Dutch Shell, enabling a global provision to service Shell corporate pension and insurance plans with total assets in excess of $70 billion.
Shell pension chief sees three sources of return
IPE.com: Shell pension chief sees three sources of return
“Shell made headlines last week with news it plans to consolidate €50bn of worldwide pension assets in Holland.”
Wednesday 14 Sept 2005
NETHERLANDS – Sijb Bartelma, chief investment officer of Shell Pensioenfonds, has explained why he thinks there are three sources of investment return.
The first is “strategic beta”, derived from exposure to market risk. The second is “strategic alpha” from the deviation from ‘plain vanilla’ asset mixes.
And the third he termed “operational alpha” – from what might be regarded as ‘stock picking’.
There was an unlimited supply of the first, while the third is “scarce” and a “kind of game” he told a meeting organised by the catering scheme Horeca at its new offices near The Hague yesterday.
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.
