| Sustainable investments: where do we stand? |
Philips Pensioenfonds invests the money from your pension premiums. We use the returns on those investments to pay you a proper pension. Last year, we asked you whether we should consider social aspects such as the environment and human rights when we invest your money, and if so to what extent. Many of you replied that you feel strongly about responsible investment. We can now give you an update: what have we done since our survey in 2020? Read on to find out more.
Jasper Kemme
Managing Director |
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| Interactive dialogue session on 8 June: sign up now! |
Would you like to find out more about the pension fund’s financial position, and the impact of current developments? We would love to talk to you.
The interactive dialogue session will take place at 3 p.m. on Tuesday, 8 June. You can view the webinar online. Sign up now! A recording of the live session will be published on our website (with English subtitles). |
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| Poll: What topics would you like to see discussed during the online dialogue session? |
Ο The new pension system
Ο The pension fund’s investment policy
Ο No indexation of my pension this year
Ο Other, ... |
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| Did you know... |
- Our responsible investment policy formally states that we are accountable for what we are doing, and why?
- Our website www.philipspensioenfonds.nl/en/mvb provides a great deal of information about our responsible investment policy?
- Every calendar quarter, we will share information about the number of companies that we have spoken to (dialogue) about non-compliance with international corporate responsibility guidelines, and what issues we discussed?
- You will also be able to see the number of shareholder meetings where we voted for or against motions of the companies that we invest in?
- We have published a list on our website of all our investments in listed shares?
- You can also see our largest investments in other asset classes?
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| Survey: what are we doing right, what needs to improve? |
Philips Pensioenfonds wants to know what you think of our services. What are we doing right, and what needs to improve? To find out, earlier this month we asked large numbers of our members who are not yet retired and retired members to take part in a survey. We will use the results to improve our communications and our services.
If you have received an invitation by email, but have not filled out the questionnaire yet, please do so. The survey closes on 9 May. |
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| New members of the Accountability Body |
| Last January, we called on all our active members to sign up for the elections for Philips Pensioenfonds’s Accountability Body. The unions were also invited to submit their lists of candidates. Since VHP2 was the only union to submit a valid list, we will not need to conduct any elections. We have appointed Michael van Hartskamp, the first name on VHP2’s list, as the newest member of the Accountability Body. Michael van Hartskamp then nominated his deputy: Huon van de Laarschot, who has been appointed deputy member. Both appointments will take effect on 1 July 2021. |
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| Results for Q1 of 2021: Policy funding ratio of 112.7% |
- The policy funding ratio at 31 March 2021 was 112.7%.
- The actual funding ratio at 31 March 2021 was 123.0%.
- The returns from 1 January to 31 March 2021 were -1.5%.
- The pension fund’s assets at 31 March 2021 were € 22,497 million.
Recent developments
The funding ratio continued to improve during Q1 of 2021. That improvement is also reflected in the policy funding ratio, now that the ‘lean months’ at the start of 2020 are no longer dragging the policy funding ratio down. Rising interest rates contributed to the positive development of the current funding ratio, and while we recorded considerable losses on fixed-income securities, they were more than compensated by a drop in pension obligations. The investments in variable-yield securities also recorded strong returns. |
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| This newsletter is intended for members of Philips Pensioenfonds who are not yet retired. On our website you can also find the Dutch version and the newsletter for members who already receive pension. |
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| What do you think of this newsletter? |
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