What costs do we incur?
Philips Pensioenfonds incurs various costs in administering the pension plan. For instance, administration costs, including the cost of paying pensions and collecting the contributions.
In addition there are asset management costs, because investing the assets costs money. For example, we pay the parties who invest on our behalf. We also incur transaction costs, such as the costs charged by the stock exchange when shares or bonds are bought and sold.
A breakdown of the costs that we incur can be found on our website or in the annual report.