# Shell Pensions in the UK

Shell Pensions in the UK is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** Trustee Services Unit (TSU), Shell International Limited Shell Centre, London, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** pensions.shell.co.uk

## Regulatory record

- **Reports private funds:** No

## About

The Shell Contributory Pension Fund UK is a defined benefit scheme administered by the Shell Pensions Trust. It delivers retirement benefits to former employees of Shell companies in the United Kingdom. The fund receives ongoing support from Shell plc as sponsoring employer. Investment activity spans public equities, hedge funds, inflation-linked strategies, and direct real estate. Confirmed holdings include positions in NVIDIA, Apple, Microsoft, Amazon, and Broadcom through SAMCo-managed accounts. Direct property assets comprise the Pearl, Opal, and Argon portfolios plus Silver Wing in Croydon. Geographic exposure centers on the United Kingdom with additional allocations to global markets via funds such as Mesdag and M&G Inflation Opportunities. The fund reports 21.4 billion USD in assets. It maintains memberships in the Principles for Responsible Investment, the Pensions and Lifetime Savings Association, and the Institutional Investors Group on Climate Change. Service providers include CBRE Investment Management for property, JPMorgan Chase as global custodian, Aon as actuary, and Ernst & Young as auditor. In June 2023 the fund participated as a speaker at the ESG Forum in London. Shell plc supplies the underlying employee base and financial backing. Governance flows through the Shell Pensions Trust with separate investment and funding committees. Administration is handled by Shell International Limited.

## Sectors

- Diversified
- Financial Services

## People

- Alan McLean — Chairman of Shell Pensions Trust
- Alan Davies — Chair of the Investment and Funding Committee

## Questions

### Who runs investment decisions at Shell Pensions in the UK?

Alan Davies chairs the Investment and Funding Committee. Day-to-day management is delegated to Shell Asset Management Company B.V. (SAMCo) as investment advisor.

### Does Shell Pensions in the UK participate in fund commitments or only direct deals?

The fund holds both direct real estate assets and fund interests including Mesdag Fund of Hedge Funds and M&G Inflation Opportunities Fund.

### What is Shell Pensions in the UK's known posture on co-investments alongside external GPs?

The fund maintains limited partner positions in external vehicles and owns 100 percent of the M&G Inflation Opportunities Fund through the Shell Contributory Pension Fund entity.

## Related profiles

- [Fiera Capital](https://altss.com/profile/fiera-capital-inc)
- [RATP Capital Innovation](https://altss.com/profile/ratp-capital-innovation)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/shell-pensions-in-the-uk

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology