Shell logo 2023
Here's what 2022 did for your pension

Have a bird's eye view of the year.



Investment results 2022

After two investment years dominated by the coronavirus, 2022 was the year of rising inflation and the Russian invasion of Ukraine. The economy, still recovering from Covid-19, was unable to cope with the sharp interest rate hikes, rising inflation and energy prices.


The most important figures at a glance

Shell pension wallet

SNPS wants to achieve the best possible pension and provide accessible information to participants. The costs incurred in this respect are the so-called implementation costs. In 2022, the implementation costs were also closely monitored by the board.

Wallet shell

Interview Leon Verboon

"A rough year but we came through it relatively unscathed"

The year 2022 was marked by investment markets turning red and high economic uncertainty. "Due to our policy of well-diversified investments and the historic rise in interest rates, the impact on our participants has been limited, which is good news," says Leon Verboon, Investment Analyst at Shell Pensioenbureau Nederland. He comments on the investment year 2022.


Double interview Smeets – Ten Brink

Bad investment year 2022 detrimental to your pension?

Those who had hoped for a more peaceful 2022 after two years of Covid-19 were disappointed. The new year was less than two months old when Russia invaded Ukraine. The result: an economic chain reaction. But will this also affect your pension? Initial analysis by SNPS board chairman Martin ten Brink and fellow board member Eveline Smeets.


Juliette Ran

"Throw me in at the deep end, then I'm at my best”

Ever since she can remember, Juliette Ran (30) has been mesmerised by the question: how does it work? And ideally as complex as possible. At the Shell refinery in Pernis, she is a materials and corrosion engineer: "One big playground for engineers."

Read the story of Timothy Kong
Thimothy 0301 klein inzet

Which trends are decisive for results in our Life Cycle investment portfolios

Outlook for 2023

Will the stock markets turn as dark red as they did in 2022 or are there brighter days ahead?