Welcome to the Source
The annual newsletter from the Trustee Board to members of the Shell Overseas Contributory Pension Fund (SOCPF).
In this issue
Comment from the Fund Actuary
The funding level has remained relatively stable during 2025.
SOCPF investments
Our main investment aim is to make sure there’s enough money to pay the benefits due to members.
Introducing Goldman Sachs Asset Management
Here, GSAM introduce themselves and set out their priorities for the year ahead.
Income and expenditure
Here’s a summary of the key figures from our Annual Report and Financial Statements dated 31 December 2025.
A new administration platform is planned for 2027
The upgrade aims to improve efficiency, with a strong focus on putting members at the heart of the service.
When a member dies
The loss of a loved one is always a difficult time and we want to do all we can to help your family.
Changes to the Trustee Board
Ian Robertson retired from the Board on 30 April this year following 10 years as President. Frances Hinden is the new Board President.
Artificial Intelligence (AI) in pension scams
AI is being used increasingly in day-to day life. Unfortunately, there has also been a recent increase in AI being used to impersonate others, sometimes for criminal purposes.