Financial position
Below you will find a brief summary of the most important information about the financial position of Philips Pensioenfonds.
- The policy funding ratio at 30 November 2020 was 109.8%
- The policy funding ratio at 30 September 2020 was 110.1%
- The assets returned 2.3% from 1 July to 30 September 2020
- The assets returned 4.4% from 1 January to 30 September 2020
- The value of the pension fund’s assets at 30 September 2020 was € 21,855 million
- The policy funding ratio was 114.2% below the required funding ratio as at 31 December 2019. The Fund was therefore still in deficit at that date. That is why the Fund has a recovery plan. Since the policy funding ratio is currently considerably lower than at the end of 2019, the deficit situation is expected to last longer than the 1-year period shown in the recovery plan.
Quarterly report
Every quarter you can read in this report how Philips Pensioenfonds is doing financially.
Financiële positie
How healthy is your Pension Fund?
One of the factors used to determine the financial position of Philips Pensioenfonds is its funding ratio. If a pension fund has a funding ratio of 100%, this means that its assets are precisely enough for it to pay its existing pension liabilities.
Chart funding ratio
Here you will find the policy funding ratio of Philips Pensioenfonds every month.
Investment results
Invest carefully for your retirement
The investment policy is based on an investment portfolio that distinguishes between fixed-income and variable-yield securities. This distinction offers a strong possibility of achieving our ambition in the long term: for retired members and non-contributory policyholders, this means a pension that increases to reflect price inflation, and for active members it means pension that increases alongside wage inflation, without incurring excessive risks.
More about our investment policy
Do you want to know more about the choices made by Philips Pensioenfonds in its investment policy?
Financial crisis plan
What if a shortage situation threatens?
Every pension fund in the Netherlands is required to have a financial crisis plan in place. Philips Pensioenfonds’s financial crisis plan describes what action the Board of Trustees will take if the pension fund finds itself in a crisis situation, or if a crisis situation is imminent.
Summary Financial crisis plan
You can read more in the summary of the financial crisis plan.
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How do I keep up to date with the financial situation at the Fund?
Every quarter we publish current information about the financial position of the Fund in the quarterly report. The quarterly report can be found on the Pension Fund's website. In addition, you will find a graph showing the current level of the funding ratio each month. It is updated halfway through each month.
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When does the Pension Fund publish the monthly funding ratio?
The funding ratio of the previous month is always published on the website around the fifteenth day of the month. After publication, a Twitter message is sent (via @PhilipsPensioen).
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The Dutch Bank (DNB) publishes details of individual pension funds on www.dnb.nl. Can I also find the data of Philips Pensioenfonds published by DNB on www.philipspensioenfonds.nl?
DNB publishes quarterly figures that are reported to DNB by the individual pension funds. Most of the information published by DNB can also be found on the Philips Pensioenfonds website. In the quarterly report of Philips Pensioenfonds you will find the policy funding ratio, the required funding ratio, the invested capital including the return on it. The so-called "premium coverage ratio" is published by Philips Pensioenfonds in its annual report. The quarterly reports and the annual report can be downloaded from www.philipspensioenfonds.nl/downloads
Indexation policy
We try to increase your pension every year. This is called 'indexation'. But indexation cannot be taken for granted. Do you want to know more about our indexation policy?
Influence of interest and return
With this model you get an idea how interest and return can influence the financial health of Philips Pensioenfonds.