Financial position
Below you will find a brief summary of the most important information about the financial position of Philips Pensioenfonds.
- The actual funding ratio as at 30 April 2023 was 126.2%.
- The policy funding ratio as at 30 April 2023 was 128.4%.
- The actual funding ratio as at 31 March 2023 was 125.7%.
- The policy funding ratio as at 31 March 2023 was 128.6%.
- The assets returned 2.2% from 1 January to 31 March 2023.
- The value of the pension fund’s assets at 31 March 2023 was € 17,794 million.
- As of 31 March 2023, the pension liabilities were € 14,159 million.
Quarterly report
Every quarter you can read in this report how Philips Pensioenfonds is doing financially.
Financial position
How healthy is your Pension Fund?
One of the factors used to determine the financial position of Philips Pensioenfonds is its funding ratio. If a pension fund has a funding ratio of 100%, this means that its assets are precisely enough for it to pay its existing pension liabilities.
Chart funding ratio
Here you will find the policy funding ratio of Philips Pensioenfonds every month.
Investment results
Invest carefully for your retirement
The investment policy is based on an investment portfolio that distinguishes between fixed-income and variable-yield securities. The distribution at any point in time is aimed at having a good chance of achieving our ambition in the long term, a pension that is stable in value for pension recipients and non-contributory policyholders and a welfare pension for pension builders, without incurring excessive risks.
More about our investment policy
Do you want to know more about the choices made by Philips Pensioenfonds in its investment policy?
Financial crisis plan
What if a shortage situation threatens?
Every pension fund in the Netherlands is required to have a financial crisis plan in place. Philips Pensioenfonds’s financial crisis plan describes what action the Board of Trustees will take if the pension fund finds itself in a crisis situation, or if a crisis situation is imminent.
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How do I keep up to date with the financial situation at the Fund?
Every quarter we publish current information about the financial position of the Fund in the quarterly report. The quarterly report can be found on the Pension Fund's website. In addition, you will find a graph showing the current level of the funding ratio each month. It is updated halfway through each month.
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When does the Pension Fund publish the monthly funding ratio?
The funding ratio of the previous month is always published on the website around the fifteenth day of the month. After publication, a Twitter message is sent (via @PhilipsPensioen).
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The Dutch Bank (DNB) publishes details of individual pension funds on www.dnb.nl. Can I also find the data of Philips Pensioenfonds published by DNB on www.philipspensioenfonds.nl?
DNB publishes quarterly figures that are reported to DNB by the individual pension funds. Most of the information published by DNB can also be found on the Philips Pensioenfonds website. In the quarterly report of Philips Pensioenfonds you will find the policy funding ratio, the required funding ratio, the invested capital including the return on it. The so-called "premium coverage ratio" is published by Philips Pensioenfonds in its annual report. The quarterly reports and the annual report can be downloaded from www.philipspensioenfonds.nl/downloads
Indexation policy
We try to increase your pension every year. This is called 'indexation'. But indexation cannot be taken for granted. Do you want to know more about our indexation policy?
Financial position
More about the financial health of Philips Pensioenfonds.