News

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.
30 June 2021

News

Take part in our risk appetite survey

To help Philips Pensioenfonds understand what risks our members consider acceptable for our investment policy, we will shortly be inviting many of our members to take part in a risk appetite survey. By taking part, you too can influence future decisions that we make about the investment policy.
23 June 2021

News

Pension overviews available for retired members

The 2021 pension overviews are available to everyone who receives a pension. The pension overview contains information about the amount of the pension as of 1 April 2021.
2 June 2021

News

Annual Report 2020 is published

In March 2020, there was great uncertainty in the financial markets due to the corona crisis. That also affected our buffers. The actual funding ratio of Philips Pensioenfonds was around 100% at that time. This means that there was exactly enough capital to be able to pay all accrued pensions, now and in the future. So there were no more buffers. During the year, the situation on the financial markets gradually improved. We have, of course, closely followed market developments. We have adjusted our investment portfolio where necessary. The actual funding ratio subsequently recovered well, returning to pre-crisis levels at the end of 2020.
2 June 2021

News

June-edition of our magazine Generaties is published

All participants who accrue pension with Philips Pensioenfonds or who receive a pension from us will receive the latest edition of our Generaties magazine. In this edition, two board members look back on the year 2020 and you can read more about our policy for socially responsible investment.
20 April 2021

News

Positive returns lead to an increase in the current funding ratio

13 April 2021

News

Research: what are we doing well, what can be improved?

Philips Pensioenfonds is interested in your opinion about our services. What are we doing well, what can be improved? To gain insights, we asked a large number of our members to participate in a survey. This research is carried out by independent research agency MWM2. We want to use the results of this research to improve our communication and services. Did you receive an email invitation to participate in the survey? Then we would appreciate it if you would like to complete the survey by 9 May at the latest.