Please find below the Statement of Investment Principles of SSPF.
Examples of investment categories are equities (shares) and fixed-income investments (such as bonds). The investment categories are in turn subdivided into different regions of the world, such as Europe, the United States and Japan.
The Actuarial and Operating Memorandum (Actuariële en Bedrijfstechnische Nota, ABTN) sets out the guidelines for managing the investment risks.
Shell Asset Management Company B.V. (SAMCo) and external asset managers are responsible for implementing the investment policy on behalf of the Pension Fund. SAMCo appoints these external asset managers on behalf of the Pension Fund.
|Listed equities + Alternative investments |
- Listed equities
- Alternative investments (including private equity, real estate, hedge funds)
Return on investment
In 2016 the Pension Fund realized a return on the equities portfolio of 10.2%. On fixed-income investments the return was 5.8%. Overall returns came to 6.9% over 2016. The Pension Fund benchmark for the total returns was 6.4%. The funding ratio (on the basis of the market rate of interest) was 122% as of end 2016.
In the section funding you can find the most recent information about the funding ratio.