| Pension questions: do you know the answer? |
“Your pension contributions – does Philips Pensioenfonds earmark them for you personally, or do they go towards the current pension beneficiaries?” “When can you start drawing the pension that you have accrued with Philips Pensioenfonds?” “Does Philips Pensioenfonds offer the possibility of taking out insurance for your surviving dependants?” We presented these questions to a large group of members last April, to find out your thoughts about pensions, and what you know about them. Misunderstandings can lead to misconceptions about what to expect when you retire. We use the information that we gather from our surveys to improve our communications. If you were one of the members who answered our questions, I imagine that you want to know the results. Read on to find out more about these questions.
Jasper Kemme
Managing Director |
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| Watch a recording of our dialogue session |
| More than 90% of the members who watched our interactive dialogue session described the subject matter as both interesting and relevant. We invite you to watch the recording of the dialogue session to find out more about the future pension rules, the financial position of Philips Pensioenfonds, the decision on indexation in 2021 and our policy for responsible investment. |
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| Poll: how do you prefer to discuss your pension questions with us? |
Ο By email
Ο By telephone
Ο Face-to-face, on location
Ο By video call
O Others, namely... |
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| Did you know... |
- You can safely access MijnPPF, our personal pension environment, by logging in with your DigiD using the DigiD app or using DigiD with SMS text verification.
- If you still use DigiD with a user name and password only, you can select which of these secure DigiD methods you prefer at www.digid.nl/en/login-methods.
- Members of Philips Pensioenfonds who live in other European countries can now also log in to MijnPPF using another digital identity that has been approved by the European authorities.
- These methods make MijnPPF safe to use, as they require two-stage verification instead of using just one stage.
- Only members who do not have a DigiD or another European digital identity can log in using an alternative MijnPPF account.
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| Polluting energy sources added to the exclusion list |
| Our investment policy contains a number of deliberate and ‘responsible’ choices: for example, it describes what kinds of companies we do not wish to invest in. This is called ‘exclusion’. We recently decided to exclude companies that generate 25% or more of their revenue from the most polluting energy sources – coal and oil sands – as they clash with the sustainable development goals that our policy is based on. An example might be a company that generates a significant portion of its revenue from mining brown coal to generate energy. You can examine the list of excluded companies on our website. |
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| Results for Q2 of 2021: policy funding ratio 117.4% |
- The policy funding ratio at 30 June 2021 was 117.4%.
- The actual funding ratio at 30 June 2021 was 126.8%.
- The returns from 1 April to 30 June 2021 were 3.2%.
- The pension fund’s assets at 30 June 2021 were € 23,130 million.
Latest developments
In the second quarter of 2021, the current funding ratio increased from 123.0% at the end of March to 126.8% at the end of June. The good returns on the equity portfolio in particular contributed to this return. The economy received a significant boost in the second quarter. firstly because governments took measures to stimulate the economy and secondly because various corona measures were canceled. |
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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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