Financial position

Checked on 16/12/2020

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.
Recovery plan 2020 (in Dutch)

Quarterly report

Every quarter you can read in this report how Philips Pensioenfonds is doing financially.

Quarterly report Q3 2020 (in Dutch)

More about the financial health of Philips Pensioenfonds

Read all information about the funding ratio and investment results here

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.

More about Financial position

Chart funding ratio

Here you will find the policy funding ratio of Philips Pensioenfonds every month.

Chart funding ratio

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 Investment results

More about our investment policy

Do you want to know more about the choices made by Philips Pensioenfonds in its investment policy?

More about the 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.

More about Financial crisis plan

Summary Financial crisis plan

You can read more in the summary of the financial crisis plan.

Go to summary (in Dutch)

Frequently asked questions

Would you like to know more?

  • 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.

  • 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).

  • 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

Related information

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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?

Go to 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.

Go to model