Financial position

Checked on 14 October 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 September 2020 was 110.1%.

  • The policy funding ratio at 30 June 2020 was 110.3%.

  • The assets returned 9.2% from 1 April to 30 June 2020.

  • The assets returned 2.0% from 1 January to 30 June 2020.

  • The value of the pension fund’s assets at 30 June 2020 was € 21,457 million

  • The policy funding ratio as at 31 December 2019 was below the required funding ratio. As of that date, the Fund was therefore still in deficit. Therefore, the Fund has a recovery plan. As this plan is based on the Fund's policy funding ratio at the end of 2019, the recovery period is relatively short, approximately 1 year. The current funding ratio has increased from 101.8% to 108.1% compared to the end of March 2020. In the second quarter of 2020, the negative effects of the corona crisis on the funding ratio recovered considerably. However, the situation surrounding the corona crisis is still uncertain. If this situation continues for longer, the Fund will remain in deficit for longer than the 1-year period shown in the latest recovery plan.

    Recovery plan (in Dutch)


Quarterly report

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

Quartly report 2020 Q2 (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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