| Making a strong start to the new pension system |
With a new pension system being introduced within a few short years, the pension landscape is facing an unusual situation. The changes will also affect you, as a pension fund member. For the years ahead, our principal goal is to make sure that every one of our members can make the strongest possible start under the new pension system. This will require changing our policies to make allowances for the relatively short time remaining until the new system is introduced. This is very unusual for a pension fund: normally speaking, we look at the long term. The Board of Trustees has made a number of decisions about how we will invest your pension savings (our investment policy), how we will increase your pension during the coming years (our indexation policy) and how much pension our working members will accrue. You can read an explanation of the reasons for these decisions, and what they mean for our members.
Jasper Kemme
Managing Director |
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| Sign up for our flash webinars |
Would you like to know more about the ANW shortfall insurance? Do you want to find out how to check your personal pension situation? On 29 November, we will host two quick and easy webinars about these topics. You will also have the opportunity to ask questions. Sign up now:
- 29 November, 13.00 - 13.30 hours: ANW shortfall insurance
- 29 November, 16.00 - 16.30 hours:
How to check your pension
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| Philips Pensioenfonds at the High Tech Campus |
Do you work in or near Eindhoven? Come and see us at our stand and ask your pension questions in person!
- Thursday, 4 November
- 12.00 – 14.00 hours
- The Strip, High Tech Campus Eindhoven
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| Mini-learning video: how does pension accrual work? |
| Everyone actively accruing a pension was recently informed about the pension accrual for 2022 and 2023. So what exactly is a pension, and how does pension accrual work in the Netherlands and at Philips Pensioenfonds? Watch the mini-learning video to learn more |
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| Results for Q3 of 2021: policy funding ratio 121.7% |
- The policy funding ratio at 30 September 2021 was 121.7%.
- The actual funding ratio at 30 September 2021 was 127.7%.
- The returns from 1 July to 30 September 2021 were 0.5%.
- The pension fund’s assets at 30 September 2021 were € 23,129 million.
Latest developments
We recorded a small profit on our investments during Q3, while interest rates also rse slightly. The funding ratio improved as a result. We modified our investment portfolio during Q3: to reduce the level of risk, we reduced our investments in variable-yield securities by 7.5% of our total assets under management. The funds that this released have been invested in government bonds and cash. Click here for some background information. |
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| ANW shortfall insurance: a 2-minute introduction |
| For all new employees, members who recently married or moved in with their partner, and members who are expecting a baby: did you know that you can take out ANW shortfall insurance to make better financial arrangements for your partner in case you die? Watch the video to find out whether this insurance is right for you. |
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| What do you think of this newsletter? |
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