News

In the past month, the current funding ratio has fallen from 116.8% (end of April) to 113.2% (end of May). This is mainly due to the fall in interest rates. This increased the value of the portfolio with fixed-income securities. However, due to falling interest rates, the pension liabilities rose even more strongly and had a negative effect on the current funding ratio. The decrease in the value of the investments in shares also contributed to the decrease in the current funding ratio.

Read how developments during 2018 impacted us. The actual funding ratio remained stable at around 121% throughout most of 2018. This lasted until the end of Q3. As widespread concerns about the economy sent share prices plummeting, and with interest rates also falling slightly, by the end of the reporting year the actual funding ratio had fallen to 114.5%. The pension fund ended 2018 with a policy funding ratio of 119.8%. The annual report explains how the various developments impacted Philips Pensioenfonds during 2018. It also provides a brief discussion of what to expect in 2019. Find out more in the 2018 annual report. In chapter 8 you find an English Summary of the report.

‘This website makes you want to stick around a bit longer.’ When Philips Pensioenfonds decided to update its website, we knew that it should be developed not only with the pension fund members in mind, but also with their input. This quote was one of the reactions from a panel gathered to discuss the new website. Our website www.philipspensioenfonds.nl was due for an update, and not only the technical side. It also needed to become more of a service channel, to allow our members to find the information that they need, including their personal information, and to arrange their pension matters there and then if they want. Read on to find out what to expect when you visit our website. More importantly, though, why not go there now and see for yourself?