{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"A message from Alan McLean","text":"Read Alan McLean’s inaugural message as Chair of the SCPF Trustee Board, covering governance updates, funding status, and upcoming changes.","links":[{"name":"A message from Alan McLean","value":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean.html"}],"image":{"src":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean/_jcr_content/root/metadata.shellimg.jpeg/1760538982561/alan-mclean.jpeg","alt":"Alan McLean","width":3840,"height":2160}},"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://pensions.shell.co.uk/source/scpf/_jcr_content/root/header/inherited.model.json","id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://pensions.shell.co.uk/"},{"name":"Welcome to the Source","value":"https://pensions.shell.co.uk/source.html"},{"name":"SCPF","value":"https://pensions.shell.co.uk/source/scpf.html"},{"name":"Trustee news","value":"https://pensions.shell.co.uk/source/scpf/trustee-news.html"},{"name":"A message from Alan McLean","value":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean.html"}]},"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader","color":"inherited","model":{"title":"A message from Alan McLean","text":"\u003Cp\u003EWelcome to this year's SCPF news website\u003C/p\u003E\r\n\r\n\r\n","image":{"src":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean/_jcr_content/root/main/section/page_header.shellimg.jpeg/1760538776659/alan-mclean-banner.jpeg","alt":"Alan McLean","width":3840,"height":960}},"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section/page_header"},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003EIt’s hard to believe that nearly a year has passed since I took on the role of Chair of the Board. Time has certainly flown by. I would like to take this opportunity to thank Tim Morrison for his outstanding leadership, which ensured a smooth transition. The continued strength and stability of the Fund is a testament to his stewardship.\u003C/p\u003E\r\n\u003Cp\u003EAs in previous editions, this newsletter includes an update on the performance of the Shell Contributory Pension Fund (the Fund), including the current funding level. I’m pleased to report that the Fund remains fully funded, with the funding level continuing to exceed the 100% target—meaning we are well-positioned to meet all member benefit obligations. You can find further details on the Fund’s financial position in the \u003Cb\u003E\u003Ca href=\"https://pensions.shell.co.uk/source/scpf/financials-news.html\"\u003EFinancial section\u003C/a\u003E\u003C/b\u003E of this site.\u003C/p\u003E\r\n"}},{"organism":"PromoSimple.Text","color":"brand1-subtle","id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section/text_814905349","model":{"title":"Changes to the Fund’s Governance and Management","text":"\u003Cp\u003EIt’s been a year of change for the Board and the Fund’s advisory team:\u003C/p\u003E\n\u003Ch4\u003E\u003Cb\u003EScheme Actuary\u003C/b\u003E\u003C/h4\u003E\n\u003Cp\u003EWe are pleased to welcome Lynda Whitney of Aon as our new Scheme Actuary. On behalf of the Trustee Board, I would like to extend our sincere thanks to Mike Webb for his many years of dedicated service and wish him all the best in his retirement. More about Lynda and her insights into the Fund’s performance can be found in the \u003Cb\u003E\u003Ca href=\"https://pensions.shell.co.uk/source/scpf/funding-news.html\"\u003EFunding\u003C/a\u003E\u003C/b\u003E section.\u003C/p\u003E\n\u003Ch4\u003EInvestment Manager\u003C/h4\u003E\n\u003Cp\u003EWe are pleased to report the appointment of Goldman Sachs Asset Management (GSAM) as the Fund’s new investment manager, effective from 1 October 2025. Further information about this appointment is available in the \u003Cb\u003E\u003Ca href=\"https://pensions.shell.co.uk/source/scpf/scpf-investments.html\"\u003EInvestment\u003C/a\u003E\u003C/b\u003E section.\u003C/p\u003E\n\u003Ch4\u003EBoard vacancies\u003C/h4\u003E\n\u003Cp\u003ETwo of our Member-Nominated Trustee Directors (MNDs), Moon Hussain and Kaego Uba-Machie, will reach the end of their four-year terms this year. In September, we invited members to consider applying for these roles. Thank you to everyone who has responded. Details on the next steps in the selection process can be found on the \u003Cb\u003E\u003Ca href=\"https://pensions.shell.co.uk/source/scpf/trustee-news.html\"\u003ETrustee news\u003C/a\u003E\u003C/b\u003E page.\u003C/p\u003E\n"}},{"organism":"PromoSimple.Text","color":"brand1-subtle","id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section/text_814905349_copy","model":{"title":"GMP equalisation update","text":"\u003Cp\u003EFinally, I would like to provide an update on the Guaranteed Minimum Pension equalisation process. Like many pension schemes, we have been working closely with our advisers to complete this complex task. GMP equalisation is a project which seeks to remove inequalities between men and women that may have arisen historically as a result of legislation. A summary of what to expect next is provided in the \u003Cb\u003E\u003Ca href=\"https://pensions.shell.co.uk/source/scpf/pension-news.html\"\u003EPension news\u003C/a\u003E\u003C/b\u003E.\u003C/p\u003E\n"}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section/text_832496552","model":{"text":"\u003Cp\u003EI hope you enjoy reading this edition of the Source. If you have any feedback, please send it to Amanda Burston, the Scheme Secretary. You can find Amanda’s contact details on the \u003Cb\u003E\u003Ca href=\"https://pensions.shell.co.uk/source/scpf/scpf-who-can-help.html\"\u003EWho can help\u003C/a\u003E\u003C/b\u003E page.\u003C/p\u003E\r\n\u003Ch3\u003EAlan McLean\u003C/h3\u003E\r\n\u003Cp\u003EChair of the Trustee Board\u003C/p\u003E\r\n"}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/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/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section_1230378007/promo_copy_copy_copy","model":{"title":"SCPF funding position","links":[{"value":"https://pensions.shell.co.uk/source/scpf/funding-news/scpf-funding-position.html"}],"image":{"src":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean/_jcr_content/root/main/section_1230378007/promo_copy_copy_copy.shellimg.jpeg/1760539059089/a-group-of-men-in-hard-hats.jpeg","alt":"Green Canyon 19 platform, USA, 2024","width":3840,"height":2160}}},{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section_1230378007/promo_copy_copy_copy_509645498","model":{"title":"Guard against scams","links":[{"value":"https://pensions.shell.co.uk/source/scpf/pension-news/guard-against-scams.html"}],"image":{"src":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean/_jcr_content/root/main/section_1230378007/promo_copy_copy_copy_509645498.shellimg.jpeg/1760539085065/a-butterfly-on-a-flower.jpeg","alt":"Shell Biogas butterfly","width":3840,"height":2160}}},{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section_1230378007/promo_copy_copy","model":{"title":"Meet the new Scheme Actuary","links":[{"value":"https://pensions.shell.co.uk/source/scpf/funding-news/meet-the-new-scheme-actuary.html"}],"image":{"src":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean/_jcr_content/root/main/section_1230378007/promo_copy_copy.shellimg.jpeg/1760539149348/scheme-actuary.jpeg","alt":"Lynda Whitney","width":3840,"height":2160}}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main/section_1230378007","model":{"title":"You may also be interested in"}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/main","model":{}},{"organism":"Container.Footer","children":[{"organism":"Breadcrumb.Large","model":{"links":[{"name":"Home","value":"https://pensions.shell.co.uk/"},{"name":"Welcome to the Source","value":"https://pensions.shell.co.uk/source.html"},{"name":"SCPF","value":"https://pensions.shell.co.uk/source/scpf.html"},{"name":"Trustee news","value":"https://pensions.shell.co.uk/source/scpf/trustee-news.html"},{"name":"A message from Alan McLean","value":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean.html"}]},"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/footer/breadcrumb"},{"organism":"Container.Raw","ref":"https://pensions.shell.co.uk/_jcr_content/root/footer/inherited.model.json","id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/footer/inherited","model":{}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content/root/footer","model":{}}],"id":"/conf/shell/settings/wcm/templates/base/structure/jcr_content/root","model":{}}],"model":{"title":"A message from Alan McLean","text":"Read Alan McLean’s inaugural message as Chair of the SCPF Trustee Board, covering governance updates, funding status, and upcoming changes.","links":[{"name":"canonical","value":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean.html"},{"name":"errorUrl","value":"https://pensions.shell.co.uk/error.html"},{"name":"hierarchy","value":"en_gb/source/scpf/trustee-news/a-message-from-alan-mclean"},{"name":"homeTitle","value":"Shell Pensions in the UK"},{"name":"homeUrl","value":"https://pensions.shell.co.uk/"},{"name":"locale","value":"en-GB"},{"name":"title","value":"A message from Alan McLean | Shell Pensions in the UK"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\nYou are now leaving the Shell global website.\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. 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. This includes its sponsor and any policies, activities or services offered on the site, by any advertiser on the site or linked to the site.\r\nThank you for visiting the Shell global website."},{"name":"themeMode"},{"name":"lastModified","value":"2025-10-15T14:39:09.365Z"},{"name":"themeName","value":"base"},{"name":"themePath","value":"/etc.clientlibs/amidala/clientlibs/theme-base"},{"name":"themeCss","value":"/etc.clientlibs/amidala/clientlibs/theme-base.ACSHASHb291465fc8d3c7bcefde74d34044b698.css"}],"image":{"src":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean/_jcr_content/root/metadata.shellimg.jpeg/1760538982561/alan-mclean.jpeg","alt":"Alan McLean","width":3840,"height":2160}},"id":"/content/shell/business/pensions/en_gb/source/scpf/trustee-news/a-message-from-alan-mclean/jcr_content"}