Read how developments during 2020 impacted us
Every year, Philips Pensioenfonds publishes its annual report on the previous year, to inform you about the pension fund’s financial position and important developments that occurred during that year. Recurring sections in every annual report include key data, the report of the Board of Trustees and the financial statements.
Annual report 2020
In 2020, the Fund's actual funding ratio rose very slightly, from 117.0% at the end of 2019 to 117.3% at the end of 2020. In the first quarter of 2020, the actual funding ratio fell sharply due to the coronavirus. If we look over 2020 as a whole, the 0.3 percentage point increase in the current funding ratio is mainly due to the strong recovery in equity markets. In the annual report you will find a complete overview of what developments have meant for Philips Pensioenfonds in the year 2020 and we briefly look ahead to 2021. Read more in the annual report 2020.