News

3 March 2022

News

Do the events in Ukraine affect the investments of Philips Pensioenfonds?

Investing pension money is necessary to be able to offer you a good pension. That is why the assets of Philips Pensioenfonds are invested. We can imagine you are wondering whether the current events in Ukraine are affecting the Fund's investments. The answer to this question is affirmative. In this news item we will give you more information about this.
27 January 2022

Blog

Looking ahead to the second half of the year

In the middle of this holiday period, I like to briefly look ahead to the second half of this year. The Future Pensions Act and the socially responsible investment of your pension money will again be high on the agenda in the second half of the year. We will also evaluate our indexation policy.
27 January 2022

Blog

Making up missed indexation: how does that work?

Philips Pensioenfonds believes that the pensions that it offers should retain their purchasing power in the long term, so that they still buy as much in the future as they do now. That is our ambition. To realise that ambition, we need to adjust your pension to reflect wage increases (for active members) and increases in prices (for pension beneficiaries and non-contributory policyholders). From 2011 to 2021, however, Philips Pensioenfonds did not fully index its pensions. If you were a member of our pension fund during that time, this means that you missed out on indexation. In 2022, we can make up the difference a little, by granting compensatory indexation. To do this, we must comply with a number of legal rules that apply.
21 December 2021

News

Magazine Generaties is published

In this edition, among other things: your pension can be increased in 2022, responsible investment choices focused on sustainable development goals in our equity portfolio and tips on cyber security.
21 December 2021

News

Paid-up policy? Check your Pension Overview!

Anyone who has previously worked at Philips or Signify and still has a pension with Philips Pensioenfonds will find his/her Uniform Pension Overview in MijnPPF.
20 December 2021

News

Responsible investment choices focused on 4 sustainable development goals

Philips Pensioenfonds makes conscious investment choices in its portfolio 'shares in developed markets' for companies that contribute positively to four sustainable development goals: 'Good health and well-being', 'Climate action', 'Sustainable cities and communities' and 'Responsible consumption and production'.
19 December 2021

News

Our pensioners thanked by KWF

1 November 2021

News

Premium funding ratio higher due to interest rate hedging

Philips Pensioenfonds publishes the so-called premium funding ratio of the Fund in its annual report. Over 2020, this funding ratio was 79% (over 2019: 97%). This percentage is calculated according to the method prescribed by De Nederlandsche Bank. This percentage does not take into account a decision made by the Board of Philips Pensioenfonds to hedge the 'interest rate risk' relating to the premium and pension accrual. When the interest rate hedging is taken into account, the premium funding ratio over 2020 is 99% (over 2019: 101%). In this news article you can read why Philips Pensioenfonds has hedged the interest rate risk and what effect this has on the premium funding ratio.
29 October 2021

News

Using the years ahead to make a strong start with the new pension system

With the introduction of a new pension system within a few years, pensions in the Netherlands are set for an overhaul. For our members, this involves drawing their pension from an individual pension reserve – possibly as early as 1 January 2024. In the face of this new reality, the Board of Trustees of Philips Pensioenfonds has considered how this change will affect the pension fund’s policies. Normally speaking, the pension fund’s policies are geared toward the long term. However, the changes to the system in the short term forces us to deviate from our long-term policy on several points, to make sure that our members can start strongly under the new pension system. Read on to find out more about the decisions that the Board of Trustees has made for the years ahead.
10 August 2021

News

Data breach at our pension provider

Philips Pensioenfonds recently had to deal with a data breach. Unauthorized persons briefly had access to the mailbox of an employee of our pension provider Blue Sky Group. The employee in question works in a department that does not have personal e-mail contact with participants. Nevertheless, there is some leaked participant data. This data is personal and not intended for the outside world. Participants must be able to trust that their (personal) data is in good hands with us. We are very sorry that this leak has occurred. External specialists are investigating the extent of the data breach. In this report we explain the steps Philips Pensioenfonds has taken in response to the data breach.