{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Scheme Funding and Investment","links":[{"name":"Scheme Funding and Investment","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/scheme-funding-and-investment.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/_jcr_content/root/metadata.shellimg.jpeg/1725278877082/scheme-funding-and-investment.jpeg","alt":"Scheme graph","width":5032,"height":2844}},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://pensions.shell.co.uk/_jcr_content/root/header/inherited.model.json","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://pensions.shell.co.uk/"},{"name":"SCPF","value":"https://pensions.shell.co.uk/scpf.html"},{"name":"How the Scheme is Managed","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed.html"},{"name":"Scheme Funding and Investment","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/scheme-funding-and-investment.html"}]},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader","color":"inherited","model":{"title":"Scheme Funding and Investment","image":{"src":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/_jcr_content/root/main/section/page_header.shellimg.jpeg/1725278989634/scheme-funding-and-investment.jpeg","alt":"Scheme graph","width":5104,"height":1276}},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/main/section/page_header"},{"organism":"Container.List","colspan":8,"colstart":3,"children":[{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/main/section/list/list_item","model":{"title":"Scheme Funding","text":"\u003Cp\u003EThe appointed Scheme Actuary carries out regular valuations of the SCPF to make sure it can meet its commitment to pay members’ benefits. Legally this must be done at least every three years.\u003C/p\u003E\r\n\u003Cp\u003EThe Trustee’s annual newsletter (\u003Ca href=\"https://pensions.shell.co.uk/source.html\"\u003Ethe Source\u003C/a\u003E) includes the Summary Funding Statement, which summarises the SCPF’s funding position at the end of each year.\u003C/p\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/main/section/list/list_item_copy","model":{"title":"Investment","text":"\u003Cp\u003EThe Trustee sets the investment strategy for the SCPF after taking advice from the Investment Adviser and the Scheme Actuary. The Trustee delegates the day-to-day management of investments to Goldman Sachs Asset Management. You can find scheme documents relating to the SCPF’s investment strategy for example the “Statement of Investment Principles” in the \u003Ca href=\"https://pensions.shell.co.uk/scpf/resources/scpf-library.html\" target=\"_self\"\u003ESCPF Library\u003C/a\u003E.\u003C/p\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/main/section/list/list_item_copy_476806297","model":{"title":"Pension buy-ins and buy-outs","text":"\u003Cp\u003EWhilst neither the Trustee nor the Company has any plans for an SCPF buy-in or buy-out, because of the interest in the topic we thought it would be helpful to explain a little more about them.\u003C/p\u003E\r\n\u003Cp\u003EA pension buy-in is where the scheme buys a policy with an insurer which provides income to the pension scheme. This income is the same as the benefit payments being made to some or all members of the scheme. 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They are subject to strict PRA standards which require them to maintain significant capital reserves to support the benefits they take on so that they have the financial capacity to meet their obligations to policyholders, even in adverse market conditions.\u003C/p\u003E\r\n"}}],"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/main/section/list","model":{}}],"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/main/section","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/main/section_846242270/promo","model":{"title":"I work at Shell","text":"\u003Cp\u003EThis section of the website contains information for active members of the SCPF.\u003Cbr\u003E\r\n\u003C/p\u003E\r\n","links":[{"value":"https://pensions.shell.co.uk/scpf/i-work-at-shell.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/_jcr_content/root/main/section_846242270/promo.shellimg.jpeg/1725279452136/field-of-sugar-cane-with-blue-sky.jpeg","alt":"Field of sugar can with blue sky","width":3866,"height":2175}}},{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/scheme-funding-and-investment/jcr_content/root/main/section_846242270/promo_copy","model":{"title":"I have left Shell","text":"\u003Cp\u003EThis section gives pension information for ex-employees of Shell, not yet in receipt of their 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Accordingly, neither Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. 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