Financial position

Checked on 17 February 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 31 January 2020 was 114.0%

  • The policy funding ratio at 31 December 2019 was 114.2%

  • The assets returned -0,4% from 1 October to 31 December 2019

  • The assets returned 16,6% from 1 January to 31 December 2019

  • The value of the pension fund’s assets at 31 December 2019 was € 21,302 million

  • The policy funding ratio as of 31 March 2019 was below the level of the required funding ratio (118.7% at the time). The Fund still has a deficit. The submitted recovery plan has been approved by the Dutch Central Bank (the supervisory authority). The expectation is that the funding ratio will recover in time based on the existing policies, and that no additional measures will be required.

Go to Summary Recovery plan (in Dutch)

 

Quarterly report

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

Kwartaalverslag 2019 Q4 (in Dutch)

More about the financial health
of Philips Pensioenfonds

Read all information about the funding ratio and investment results here

How healthy is your Pension Fund?

Financial position

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

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?

Investment policy

What if a shortage situation threatens?

Financial crisis plan

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.

Meer about Financial crisis plan

Summary financial crisis plan

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

Go to summary (in Dutch)

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