Shell funding level drops below legal limit

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NETHERLANDS - Royal Dutch Shell has confirmed the funding ratio for its pension scheme slumped to 85% at the end of November but stressed there would be no changes to existing pension provision.

Last year the fund's assets stood at €19bn (US$25bn), however, the financial crisis has severely weakened that position. The total value of the pension fund's investments plummeted 40% since the s...

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