The Stichting Shell Pensioenfonds is adding a new strategic asset allocation of 65% to securities and 35% to fixed income, IPE reports. The Dutch oil and gas company’s pension scheme took the decision following an asset-liability management study as part of its recovery plan.
Long-term government securities will form the basis for the retirement system’s fixed income allocation. At year-end, the pension fund’s equity portfolio holdings were 40% and fixed income were 38%. The scheme’s asset manager is SAMCo.
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