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News headlines file for Royal Dutch Shell Pension Problems

Shell Pension Scheme Problems

Personal Finance: Adjudicator tells pension funds, employers to play by the rules: July 29, 2005

Personal Finance: Shell ‘improperly used’ surplus pension money: January 28, 2006

(In the first ruling of its kind, a tribunal appointed by the Registrar of Pension Funds has found that the Southern African arm of petroleum giant Shell should repay millions of rands to its staff defined benefit pension fund.)

Personal Finance: Shell bid to grab R184m surplus stopped: 9 February 2008

Shell Contributory Pension Fund Winter 2008 (“Clive Mather, chairman of the trustees of the Shell Contributory Pension Fund (SCPF) has written to all members following the recent extraordinary events in the world’s financial markets.”)

FT Article: Shell pension scheme value falls 40% (Online article): 12 December 2008

FT Newspaper article, front page lead in (under “News Briefing” – “Shell’s pension dip”) plus main article on page 15 (“Shell pension scheme value fall 40%): 13/14 December 2008

Guardian.co.uk: Shell pension underfunded, contributions to raise: 12 December 2008

Daily Telegraph: Shell’s Dutch pension fund tumbles by 40pc: 12 December 2008

International Herald Tribune: Shell’s pension underfunded: 12 December 2003

Yahoo News: Shell’s pension underfunded: 12 December 2008

Reuters: UPDATE 4-Shell’s pension underfunded, contributions rise: 12 December 2008

Tiscali.co.uk/news: Shell’s pension underfunded:12 December 2008

Scottish Television (stv): Shell’s pension underfunded: 12 December 2008

Forbes.com: Shell’s pension underfunded, contributions rise: 12 December 2008

Reuters: NEWS UPDATE 3-Shell pension underfunded, contributions to rise12 December 2008

Trading Markets: UPDATE 3-Shell pension underfunded, contributions to rise: 13 December 2008

The Times: HSBC hit by fear factor as downturn spreads to Asia:13 December 2008 (“Royal Dutch Shell A fell 49p to £17.50 after reports that its Dutch pension fund has fallen into deficit, with stock market turmoil knocking 40 per cent off its value.”)

The Times: Need to Know: Royal Dutch Shell: 13 December 2008 (The oil company’s Dutch pension fund has fallen into deficit as share market turmoil knocked 40 per cent off the fund’s value, forcing the oil major and employees to increase contributions. The fund said that its funding ratio was 85 per cent at the end of November, down from 180 per cent at the end of 2007. A Dutch pension fund manager estimated the company would need around €2 billion to bring the funding ratio to 100 per cent.)

Daily Mail: Shell OAPs are latest victims of disgraced billionaire Madoff: 17 December 2008

The Times: Allegations in America pose threat to UK funds: 18 December 2008

Reuters: Shell says pension funds underfunded by $12 bln: 29 January 2009

Financial Times: Virtues of protection strategy spreading: 1 March 2009

Reuters: Shell says faces $8.3 bln pension hole: 18 March 2009

Bloomberg: Shell Reports $8.3 Billion Pension Deficit, Plans Payments: 18 March 2009

Shell Pension Fund Smoke & Mirrors: 6 April 2009

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