The transfer of the Stichting Shell Pensioen Fonds (SSPF) investment portfolio from Shell Asset Management Company (SAMCo) to BlackRock has been successfully completed as of 1 July 2025.

This is an important milestone in the intensive journey towards the new pension system.

SSPF's entire investment portfolio has been transferred to BlackRock. This transfer required careful preparation. To avoid any unwanted effects during the transition, a tight and detailed handover plan was drawn up with great precision. This plan was implemented with dedication and discipline by a joint team of all the parties involved. 

This careful approach ensures that SSPF’s portfolio continues to be well managed and that also risk management remains in place. The transfer went smoothly, thanks to the excellent cooperation between all parties involved: SSPF, SPN, SAMCo, BlackRock and JP Morgan.

SSPF remains responsible for determining its own investment policy. BlackRock will now manage SSPF's investment portfolio, implementing the investment policy as set by SSPF. In the coming months, SSPF will work intensively with BlackRock on preparations for the new pension system. 

The SSPF board also wishes to express its great appreciation to SAMCo for its years of dedication, expertise and careful transfer of the investment portfolio.

This successful transfer is an important step in preparing for the Future Pensions Act (Wtp). SSPF looks forward with confidence to continuing to work with BlackRock in this new phase.