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?
Shell Pension Fund
Shell South Africa Pension Fund: Ken Purchase email with Richard Wiseman, Chief Ethics and Compliance Officer, Royal Dutch Shell Plc
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
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.
Beady eye for the small print
Lex (March 19) states Royal Dutch Shells announcement yesterday of an $8.3bn hole in its pension fund is a sign of the times. In fact Shell disclosed the underfunding quite clearly when it issued its 2008 results on January 29, though it was buried rather deep in the notes.
Theories of rational behaviour are facing crisis
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.
Shell says faces $8.3 bln pension hole
In December, Shell's Dutch pension fund told members it had fallen into deficit after share market turmoil knocked 40 percent off its value
Shell Reports $8.3 Billion Pension Deficit, Plans Payments
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.
Shell reveals $6bn pension hole as exec pay rises sharply
The filing also showed that Shells senior executives received sharply higher remuneration last year, even though its performance in terms of shareholder returns was the worst among the leading western oil companies.
Former Shell Executive Paddy Briggs speaks out on Shell pensions
SHELL LIVE CHAT POSTING BY FORMER ROYAL DUTCH SHELL EXEC, PADDY BRIGGS
Shell Pensioners in the UK will have received today a letter telling them that their pensions will go up by 0.9% w.e.f. 1st April 2009. To help the many thousands of Shell pensioners on pensions of £8000 per annum (or less) there is a calculation your monthly pension will rise by about £6 per month (or less). Oh and for Sir Philip Watts and his ilk I can tell you that you will get rather over £500 per month more. Should help you keep the wolf from the door Phil. And the poorer pensioners I am sure will also welcome a rise than will help them buy nearly seven litres of unleaded a month at present Shell pump prices. Wow – what munificence.
Retiring early? You may not want to bet your life on it.
The study looked at Shell employees who retired at age 55, 60 and 65, between 1973 and 2003. It covered approximately 3,500 people over the 30-year period. Basically, the mortality rate of those who retired at 55 (adjusted for health factors) was twice that of their still-working colleagues.
Pension Funds: Shell investment portfolio declined by 40% in 2008
Shell, heavily invested in equities, saw its investment portfolio decline by 40 per cent in 2008.
Dutch pensions to get more time on solvency-report
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.
Toxic ethical ranking of Royal Dutch Shell
Out of 541 multinationals surveyed, Royal Dutch Shell has an overall ranking of 510, alongside the likes of the tobacco companies and Halliburton.
Shell says pension funds underfunded by $12 bln
LONDON, Jan 29 (Reuters) - Royal Dutch Shell Plc (RDSa.L) said its various pension funds around the world were underfunded by $11.83 billion after market turbulence hit asset values.
Dutch Shell Pension Fund Scandal: Negligent Administration?
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.
Royal Dutch Shell Pension Fund Meltdown
NETHERLANDS The Dutch pension fund of Anglo-Dutch oil giant Shell has seen its funding ratio plummet 160% to 85% in less than a year.
Madoff fraud costs pension funds 44m so far
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...
Royal Dutch Shell Pension Fund Machinations
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.
Bernard Madoff ‘fraud’: The list of the casualties including Shell
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.
SHELL FACING A $45M EXPOSURE TO MADOFF FRAUD
DAILY EXPRESS
Thursday December 18,2008
OIL giant Royal Dutch Shell has emerged as one of the latest victims of the $50?billion (£33?billion) fraud by Wall Street trader Bernard Madoff.
The company said its Dutch pension fund had a $45?million exposure to the fraud but that the impact would not be material even if it had to write off the full amount.
It joins a growing list of organisations globally that will lose money as a result of the fraud, with the total figure now above $24?billion.
Shells announcement came after the chairman of the U.S. watchdog, the Securities & Exchange Commission, admitted it had not followed up a string of tip-offs about Madoffs activities.
Shell OAPs are latest victims of disgraced billionaire Madoff
Pensioners from oil giant Shell have emerged as the latest victims of disgraced financier Bernard Madoff.
Shell’s Dutch workers threaten to strike over pensions
Forbes/AFX News Limited: Shell’s Dutch workers threaten to strike over pensions
“Workers of the Royal Dutch Shell PLC in the Netherlands have threatened to strike over planned changes in the group’s pension scheme.”: “Industry followers are worried that the strike, should it proceed, will shut Shell’s major facilities, including the 416,000-barrel-per-day Pernis refinery, the Groningen gas field, and the Moerdijk chemical plant.”
Wednesday 26 October 2005
LONDON (AFX) – Workers of the Royal Dutch Shell PLC in the Netherlands have threatened to strike over planned changes in the group’s pension scheme.
Dutch trade unions led by CNV and FNV have agreed to strike next week if Shell insists on implementing a plan to raise the retirement age of employees and force workers to contribute to their pensions.
The proposed reforms are to take effect on Jan 1 next year.
‘We gave Shell an ultimatum that by 6 pm on Oct 31, if they don’t give in to our demand (to drop the proposed changes), there’ll be a strike,’ a CNV spokeswoman told AFX News.
Shell’s Dutch pension talks reach impasse
Investment & Pensions Europe: Shell’s Dutch pension talks reach impasse
“The main sticking point is the fact that Shell has changed the pension age from 60 to 65, while all employees will have to start paying part of the pension premiums.”
Wednesday 26 October 2005
IPE.com 26/Oct/05: NETHERLANDS – The year long negotiations between Shell Nederland and the Dutch trade unions FNV Bondgenoten and CNV Chemie have reached an impasse.
The unions have refused to accept a proposal the company has made to the Central Staff Council, where unions and employee representatives discuss issues.
According to the official statement by the unions, Shell will have until October 31 to reassess the situation and change its proposal or it will face strikes at several of its Dutch plants.
Shell CEO says no Gazprom asset swap delay, seen finalized 2006
FROM OUR SHELL NEWS ARCHIVE SEPT 2005
MarketWatch: Shell CEO says no Gazprom asset swap delay, seen finalized 2006
“In July, Shell announced a preliminary swap deal with Gazprom that would give the Russian gas giant up to 25% in the Sakhalin II project in exchange for a 50% interest in its massive Zapolyarnoye-Neocomian gas field in northern Russia. But one week later, Shell, that operates the Sakhalin oil and gas project in Russia’s Far East, said it expected costs to double to $20 billion.”
Thursday 29 Sept 2005
JOHANNESBURG (MarketWatch) — The head of Royal Dutch Shell PLC (RDSB.LN) Thursday denied talks with OAO Gazprom (GSPBEX.RS) on a Russian asset swap involving the Sakhalin II project had been delayed and said he hoped to finalize the deal in 2006.
Speaking on the sidelines of a Johannesburg oil conference, he said: “Discussions have started on time, on the schedule that we announced. It will take many months and we hope to get to a result in 2006.”
In July, Shell announced a preliminary swap deal with Gazprom that would give the Russian gas giant up to 25% in the Sakhalin II project in exchange for a 50% interest in its massive Zapolyarnoye-Neocomian gas field in northern Russia.
Nigerian Bonga oilfield to start late Oct – Shell
FROM OUR SHELL NEWS ARCHIVE SEPT 2005
Reuters: Nigerian Bonga oilfield to start late Oct – Shell
“…Bonga, which is over two years behind its original target start date and far above budget…”
Mon Sept 26, 2005
JOHANNESBURG (Reuters) – The long-delayed Bonga oilfield in Nigeria is now expected to start production in late October, quickly reaching 100,000 barrels per day (bpd), energy major Royal Dutch Shell said on Monday.
Shell had previously said Bonga, which is over two years behind its original target start date and far above budget, would begin pumping in the fourth quarter.
“We should start production at the end of October … We will rapidly build up to 100,000,” Basil Omiyi, head of Shell’s Nigerian operation, told reporters on the sidelines of the World Petroleum Congress in Johannesburg.
Is Royal Dutch Shell Plc adopting racist policies against its Malaysian employees?
Is Royal Dutch Shell Plc adopting racist policies against its Malaysian employees?
Thursday 22 September 2005 00.10 am EDT NY
Datuk Jon Chadwick
Chairman of Shell Malaysia (Shown right)
By Alfred Donovan
ShellNews.net has obtained a leaked copy of a recent email from Shell Malaysia Country Chairman, Datuk Jon Chadwick to all Shell employees in Malaysia, which responds to points raised exclusively on this website. A number of our articles have focused on the strikingly different approach adopted by Shell in response to employee class action lawsuits brought by its USA staff, as opposed to its utterly ruthless treatment dished out to Shell Malaysian employees.
Ageing and sickly, ex-Shell staff wait on court
FROM OUR SHELL NEWS ARCHIVE OCTOBER 2004
New Straits Times: Ageing and sickly, ex-Shell staff wait on court
“Some have died. Others are losing their memory and many are ailing.”: “399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers…” “claiming that they unlawfully deducted money from their internal retirement funds…”: “They won their case at the Miri High Court on Sept 20 but their employers filed an appeal.”: “For now, all they can do is hope their time doesn’t run out.”
By Johannes Ridu & Sharifah Arfah
MIRI, 6 October 2004
Some have died. Others are losing their memory and many are ailing. They are among a group of 399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers over an estimated RM50 million they claim is rightfully theirs.
In November 2002 they sued their ex-employers, claiming that they unlawfully deducted money from their internal retirement funds, Shell Sarawak & Sabah Retirement Benefit Fund (RBF) and Shell Sarawak & Sabah Provident Fund (SSF).
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
