News

In the spring edition of our magazine Generaties, Philips Pensioenfonds has made an appeal to participate in the elections for two board members on behalf of the pensioners. Some organizations have also been informed about the possibilities and conditions for submitting an electoral list for the elections. The closing date for registering candidates has now passed.

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.

The quarterly report for the second quarter of 2020 has been published. You can download the report via our website.

Did you know that the Pension Fund invest your pension money in a socially responsible way? Philips Pensioenfonds is considering doing more in this area if participants in the Fund consider it important. Therefore, a large number of participants who build up a pension is asked for their opinion.

This month you will receive your Uniform Pension Overview 2020 from Philips Pensioenfonds. That overview shows how much pension you have accrued, and what you can expect when you retire.

Philips Pensioenfonds recently made an adjustment to the investment portfolio within the already existing policy. This adjustment increases the chance of an increase in your pension through indexation, with a slight increase in the level of risk. This adjustment has been made on the basis of our long-term investment policy.

Today, all participants who accrue pension with Philips Pensioenfonds or receive a pension from us, received the latest edition of our Generaties magazine. In this edition of Generaties, two board members look back on the year 2019. They also take a detailed look at current developments surrounding the corona crisis. In this edition you will also read more about the investments of Philips Pensioenfonds in mortgages in various articles.

The annual report explains how the various developments impacted Philips Pensioenfonds during 2019. It also provides a brief discussion of what to expect in 2020. Find out more in the 2019 annual report.

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.

The quarterly report for the first quarter of 2020 has been published. You can download the report via our website. In the first quarter, the current coverage ratio decreased from 117.0% at the end of December 2019 to 101.8% at the end of March 2020. The decrease in the coverage ratio was due to the outbreak of the corona virus. In order to limit further spread of the virus, governments were forced to introduce many restrictive measures in socio-economic traffic in the first quarter. As a result, the global economy entered a deep recession. As a result, stock markets have fallen sharply. Interest also fell in the first quarter. Both cases have led to a very sharp drop in the current funding ratio of just over 15 percentage points.