Shell pension funds to join Netspar knowledge network

On 1 December 2021, Stichting Shell Pensioenfonds (SSPF) and Shell Nederland Pensioenfonds Stichting (SNPS) will become partners of the Netspar knowledge network. This will help SSPF and SNPS achieve their shared ambition to continue to improve the administration of pension schemes on the basis of the latest academic insights, drawing on the knowledge and experience of leading experts.

Kenan Yildirim, Director of Shell Pensioenbureau Nederland:
“SSPF and SNPS are pleased to be joining Netspar in its knowledge-development, knowledge-sharing and network-development work. Both boards believe strongly in data-driven decision-making based on academic insights. We are particularly interested in Netspar research projects on innovation in communication, data science and risk attitude.”

Netspar Managing Director, Marike Knoef:
“We are happy to welcome the Shell funds on board; they are the first company pension funds to join Netspar. Both are leading the way in choosing their own solutions. SSPF’s invested capital makes it one of the biggest company pension funds in the Netherlands, while SNPS already has extensive knowledge and experience of the Premium Schemes (Improvements) Act (Wet verbeterde premieregeling). Because of this, both funds are well placed to make a valuable contribution to our knowledge network.”

About the Shell funds
SSPF administers the DB pension plan for employees and former employees who joined Shell before 1 July 2013 and have the Netherlands as their base country. The fund arranges for the payment of pension benefits to almost 19,000 pension beneficiaries and has more than 32,000 participants. It has an invested capital of 31 billion euro (figures for 2020).

SNPS arranges the administration of the available premium plan for employees who joined Shell from 1 July 2013 onwards and have the Netherlands as their base country. It also administers a net pension plan. The fund has almost 10,000 members and pension beneficiaries. It has an invested capital of 305 million euro (figures for 2020).