SHELL UK is to take a contribution holiday from its defined benefit pension fund after an actuarial valuation found the scheme to be heavily in surplus.
In an announcement posted on the company’s website, Shell reported a surplus of £3bn on its £12bn fund. It is thought the company – part of Royal Dutch Shell – will take a payment break for at l...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date