News

16 April 2020

News

The funding ratio has fallen as a result of the corona crisis and the increase in pensions

The current funding ratio fell in March from 109.8% (end of February) to 101.8% (end of March), or 8 percentage points. These funding ratio figures indicate that Philips Pensioenfonds is also suffering considerably from the corona crisis. The decrease in the current funding ratio is therefore mainly the result of developments in financial markets, which we will explain in more detail below. However, part of the decline has a completely different reason, which we certainly do not want to mention in these uncertain times: as of 1 April 2020, all pensions have been increased by 0.64%. As a result, our pension obligations have increased and the funding ratio has fallen by approximately 0.7 percentage point.
13 April 2020

News

Pension overviews sent to retired members

The 2020 pension overviews for all members drawing a pension have gone out. Your overview, which you will receive on 17 April, contains information about your pension at 1 April 2020.
7 April 2020

News

Blue Sky Group as new pension provider from 2021

From 1 January 2021, pension manager Blue Sky Group will take care of the administration of your pension, as well as the communication with you as a member. The agreement for this service was recently signed, after we informed you in mid-February about the signed letter of intent with Blue Sky Group. Until January 1, 2021, our current pension manager, PGGM, will continue to take care of the administration of your pension.
24 March 2020

News

Partial indexation of pensions

At the end of 2019, the policy funding ratio of Philips Pensioenfonds was 114.2%. With this funding ratio, we can partly increase the pensions in accordance with our indexation policy. The pensions will therefore be increased by 0.64% as of 1 April 2020. Our ambition was 2%.
23 March 2020

News

Corona: no impact on your pension in the short term

13 March 2020

News

Corona virus influences the financial position of Philips Pensioenfonds

The corona virus is currently gripping the world and our country. This has a direct impact on the financial markets. Investors are concerned about the economic consequences of the spread of the corona virus. And that is reflected in strongly negative returns on equity markets and a fall in interest rates. As a result, the current funding ratio in February decreased from 115.0% (end of January) to 109.8% (end of February), or 5.2 percentage points.
11 March 2020

News

Information about survivor's pension in case of a negative travel advice

Are you traveling to a country where a negative travel advice (code red or orange) is applicable? Now that the coronavirus is going around the world and more and more countries are being classified as 'risk areas', we think it is important to clarify any restrictions on the payment for your partner (capital, annuity or pension) after death.
14 February 2020

News

Letter of intent signed for outsourcing pension administration from 2021

Philips Pensioenfonds and Blue Sky Group have signed a letter of intent for the outsourcing of pension administration from 2021. This is an important step in the process of reaching a final contract. It is expected that negotiations on the final contract can be completed in the short term. The contract with our current pension provider, PGGM, ends at the end of this year.
9 February 2020

News

Accountability for voting policy and engagement policy Q4 2019

Philips Pensioenfonds exerts influence in various ways on companies in which we invest. As a shareholder in many companies, for example, we have the option of voting at shareholder meetings. And if companies in which we invest violate the Global Compact principles, we address them to this.
30 January 2020

Blog

Column Gener@ties for active members

We regularly tune in to hear what our members have to say. This is important: Philips Pensioenfonds is weighing one interest against another all the time, and making choices that impact our members’ pensions. It is therefore our responsibility, we feel, to obtain your input on matters that affect your pension and the pension fund. We do this not only by informing you, but also by asking for your opinion and seeking out a dialogue with you.