News

On 21 November 2022 our Pensions Director - Mike Pernot - shared some information about the new legal rules for pensions with those who have not yet retired. What is the reason for new pension rules? What will change and what will stay the same? And how will this affect you?

During the Pensioen3daagse, there will be national attention for pensions. This year the Pensioen3daagse will take place on 1, 2 and 3 November. Philips Pensioenfonds will be visiting various locations on tuesday and thursday between midday and 2 p.m. If you have any questions for us about pensions, join us there and we will answer them for you.

On behalf of the pensioners, Philips Pensioenfonds has transferred an amount of € 100.483,61 to KWF Kankerbestrijding this month. 

On September 3, we received the sad news that our colleague Judit Vennix passed away much too young, at the age of 45. Judit worked for more than 13 years at the Pension Fund Office of Philips Pensioenfonds as an ALM strategist. We know Judit as a social and committed colleague who devoted herself fully to the Pension Fund and its participants.

Are you no longer employed by Philips, Signify or Versuni? Then the Uniform Pension Overview 2022 is ready for you in MijnPPF.

The quarterly report for the second quarter of 2022 has been published. You can download the report from our website. In the second quarter of 2022, the current funding ratio decreased from 127.3% to 126.1%. The policy funding ratio, which reflects the average over the past 12 months, did show a slight increase in the second quarter from 128.1% to 128.6%.

Are you still employed by Philips or Signify? Then the Uniform Pension Overview 2022 is ready for you in MijnPPF.

In this edition, among other things: two board members look back at 2022, how does Philips Pensioenfonds take into account the sustainable development goal 'Good health and well-being' in the equity portfolio and the new option 'lump sum'.

After a turbulent 2020, the Fund's financial position continued to improve in the year under review. We were able to close the year 2021 in good financial health. The policy funding ratio increased from 109.8% at the end of 2020 to 125.8% at the end of 2021. The current funding ratio at the end of 2021 was even higher at 132.3%. This enabled us to bring good news to our participants earlier this year about the indexation of pensions.

Last week, questions were asked in the House of Representatives about investments by pension funds in complex investment products and the performance fees that are paid in connection with this. Philips Pensioenfonds does not or hardly invests in the relatively expensive investment categories that are part of that conversation. For example, it does not invest in hedge funds and in the past it was decided to no longer invest in private equity. That investment category is therefore being phased out and about € 2 million remains, which amounts to approximately 0.01% of the invested capital.