Start of the new SNPS pension scheme
As of 1 January 2026, Shell Nederland Pensioenfonds Stichting (SNPS) has launched its new pension scheme. This transition is the result of years of preparation and close collaboration between SNPS, Shell Nederland, Achmea Pension Services, Achmea Investment Management and regulators De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM). With this step, SNPS fully complies with the Future of Pensions Act (Wtp).
SNPS is the first Shell pension fund to switch to the new scheme
The other Shell fund (SSPF), which operates a career-average scheme, is expected to transition to the flexible contribution scheme (FPR) on 1 January 2027.
The SNPS scheme was already closely aligned with the principles of the Wtp
For SNPS members, little will change, as the fund has been providing a variable pension benefit since April 2017 under the Improved Defined Contribution Act. That arrangement already shared many of the features of the new flexible contribution scheme (FPR). The changes that do apply have been clearly communicated through an extensive programme. As part of the CARE programme, members are guided through the transition with a range of tools, webinars, leaflets, and personal consultations.
Did you join before 1 July 2013? Then you also participate in SSPF
You will receive more information in 2026 about the upcoming changes and the transition to the new scheme.