Shell's Dutch pension fund has made another round of appointments to improve its investment operations, including bringing in well-known Mercer consultant Jelle Beenen as an external adviser, as big pension funds up their game in response to the volatile markets of recent years.

In a new report to members, published on its website, the €17bn fund said it appointed Janwillem Bouma as a new full-time managing director in July. He has worked in various finance roles for Shell since 1987 and succeeds Margreet de Nie as pensions manager, who is due to retire shortly.