Read how developments during 2018 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.
2018 Annual Report
The actual funding ratio remained stable at around 121% throughout most of 2018. This lasted until the end of Q3. As widespread concerns about the economy sent share prices plummeting, and with interest rates also falling slightly, by the end of the reporting year the actual funding ratio had fallen to 114.5%. The pension fund ended 2018 with a policy funding ratio of 119.8%.
The annual report explains how the various developments impacted Philips Pensioenfonds during 2018. It also provides a brief discussion of what to expect in 2019. Find out more in the 2018 annual report. The full report is in Dutch. In chapter 8 you find an English Summary of the Report.