NautaDutilh assists Stichting Shell Pensioenfonds in appointment of BlackRock as Fiduciary Manager

NautaDutilh advised Stichting Shell Pensioenfonds on the appointment of BlackRock as fiduciary manager for the management of EUR 27 billion in pension assets.

On 1 July 2023, the Future Pensions Act (Wtp) officially took effect. This new law is due to radically change pensions in the Netherlands. All Dutch pension funds are required to switch to the new system by 1 January 2028 at the latest. This also applies to Shell Pension Fund Foundation (SSPF), which, by the end of 2023 counted some EUR 27 billion in assets and 30+ thousand participants.

After an extensive orientation, research and selection process, SSPF has decided to appoint BlackRock as its fiduciary manager for asset management. The contract with BlackRock therefore marks an important milestone for SSPF in the preparations for the Future Pensions Act. As strategic partners, SSPF and BlackRock are joining forces to structure the investment portfolio of SSPF in a way that is ready for the future.

“Congratulations to SSPF on this milestone. It has been a great pleasure working with SSPF on this arrangement. It was our pleasure to have supported SSPF in this project as part of the preparations for the Future Pensions Act”

Frans van der Eerden, Financial Law partner

NautaDutilh’s team, which consisted of Frans van der Eerden, Roderick Watson and Marlies van de Meulengraaf, assisted Shell Pension Fund with the entry into of this strategic partnership.

For more detailed information, please refer to SSPF’s official announcement.

Related articles

ESG Matters: The European Green Bond Standard - Dutch implementation act

ESG disclosure update

ESG Financial Institutions & regulation update

ESG Matters: M&A interactions with CSRD reporting

The AML Regulation enters into force

ESG Matters: The Nature Restoration Law - what will it mean?

ESG Matters: A new EU regulatory framework for ESG rating providers

Counting down to DORA - Mapping & classification of ICT services ‘supporting’ critical or important functions

ESG Matters: Linking real economy and financial institutions’ transition plans

AIFMD II enters into force - the implementation period has started

Counting down to DORA – governance of ICT risks and board member responsibility

ESG Matters: European Court rules that Switzerland’s climate inaction violates human rights

ICT services: comparison of the ESMA and EBA outsourcing guidelines and DORA

ESG Matters: Where are we heading with the CSDDD?

Counting down to DORA – Mapping and classification of ICT services

NautaDutilh advises the Bellon family on the spin-off of Pluxee from Sodexo and its listing on Euronext Paris

EU Listing Act: simplified rules for stock exchange listings, especially for SMEs

Counting down to DORA – three key aspects

ESG Matters: The Belgian climate case (Klimaatzaak)

Q&AI: What financial institutions need to consider when using AI

ESG Matters: Sustainability supervision in the financial sector

The twin transition of the financial sector: eight key insights

ESG Matters: Enforcing corporate responsibility through impact litigation

ESG Matters: EU proposals to tackle greenwashing

NautaDutilh Luxembourg ranked in Chambers FinTech 2023

NautaDutilh advises on Achmea Bank joining MUNT Hypotheken platform

Sara Gerling in the Paperjam on the Double Luxco

NautaDutilh assists Lifetri with plans to enter into long-term strategic relationship with Legal & General

Basic banking service for businesses in Belgium: (almost) operational

NautaDutilh advises ABN AMRO on tokenised securities

DORA: the forthcoming EU legal framework on Digital Operational Resilience in the financial sector

Sara Gerling in the Luxembourg Times on securitisation

Revamped CSSF outsourcing guidance for the financial sector

Boost for securitisation: the law amending the Securitisation Act enters into force

Boost for securitisation Parliament passes bill amending the Securitisation Act

NautaDutilh Luxembourg ranked in Chambers FinTech 2022

NautaDutilh assists a.s.r. with the launch of its new investment service

NautaDutilh advises Quares Student Housing

Clarification of the PFS Status of Professionals Performing Lending Activity

NautaDutilh assists ABN AMRO and Berenberg with the IPO of NX Filtration, the first Green IPO at Euronext Amsterdam

Applicability of law on financial collateral agreements to insolvency proceedings

Implementation of new EU framework relating to covered bonds

Frans van der Eerden interviewed by Advocatenblad about the implications of Brexit for financial institutions

Bill amending the Luxembourg Securitisation Act published

NautaDutilh awarded IFLR Americas “Restructuring Deal of the Year” 2021

NautaDutilh Banking and Finance teams recognised by IFLR1000 EMEA

NautaDutilh advises the underwriters of Ekopak's IPO on Euronext Brussels

NautaDutilh advises Rabobank on partnership with Bol.com

The SFDR & Non-EU AIFMs, Asset Managers and Financial Advisers

NautaDutilh strengthens position as leading Benelux firm in Chambers 2021 rankings

New law brings Luxembourg to the forefront of distributed ledger technology

Financieel Juridische Reeks – deel 19 over CDD, Wwft en Sw voor de financiële sector

New CSSF platform for submission of prospectuses and related documents

NautaDutilh assists ABN AMRO, Berenberg and Kempen & Co with the IPO of ESG Core Investments

Latest edition of Asser 3-VI Zekerheidsrechten co-authored by Kasper Krzeminski

NautaDutilh becomes a member of PayBelgium

Dutch UBO register goes live

NautaDutilh assists Lifetri's entrance into the Dutch pension market and the takeover of part of the pension portfolio of Allianz

NautaDutilh assists Nationale-Nederlanden with the set-up of Woonnu

Benelux Regulators to Apply EIOPA Guidelines on Outsourcing to Cloud Service Providers by Insurance and Reinsurance Undertakings

NautaDutilh successfully assisted H&M with EUR 2 billion Programme

Taxonomy Regulation adopted

Luxembourg establishes a register of fiducies and trusts

Transfer of claims originated by a bank: the Dutch Supreme Court provides clarity

New act on professional payment guarantees

NautaDutilh assist Dutch State on EUR 12 billion COVID-19 state aid reinsurance scheme for trade credit insurance

NautaDutilh assists Tencent with the completion of its acquisition of a 10% stake in Universal Music Group

GLI Fund Finance 2020 Guide

Compliance with the Pension Funds Code

Listing of Green Bonds in Luxembourg

Insider Dealing and Market Abuse under Luxembourg Law

Cookie notificatie