| 2021 annual report available |
| Following all the troubles of 2020, Philips Pensioenfonds ended 2021 in strong financial health. The funding ratio at year-end was an impressive 15 percentage points higher than when the year began. “It is unusual for the funding ratio to increase by so much.” In an interview in our magazine Generaties (in Dutch), Reinoud Mangelmans and Jasper Kemme of the Board of Trustees discuss this increase in the funding ratio, as well as various other topical issues from the reporting year. “We have been considering since 2021 how the pension fund’s policies, and therefore our members, will be impacted by the upcoming overhaul of the pension system. Normally speaking, our policies are geared toward the long term. With the introduction of a new pension system, however, we felt that we needed to deviate from some of the elements of our long-term policy, to make sure that all our members get off to a strong start under the new pension system.” Read the annual report, with an English summary on pages 211 - 217, to find out all about the developments in 2021. |
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| Registration open: sign up now for our flash webinar |
| If you would like to find out more about your pension savings and our responsible investment policy, we would love to enter into a dialogue about this topic. On 15 September 2022, we will host two flash webinars (Dutch and English), where our Director of Investments Anita Joosten will explain how sustainable development goals (SDGs) are given shape in the pension fund’s equities portfolio. You will also have the opportunity to ask questions during the session. |
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| Did you know... |
- it is Philips Pensioenfonds’s ambition to provide a proper pension for the lowest possible cost?
- in 2021, the pension administration costs per member were € 112 (in 2020: € 104)?
- in 2020 and 2021, we incurred one-time costs when we switched to a new pension administrator? Those one-time costs are not included in the costs per member described above.
- in 2021, the costs of asset management were 0.27% (in 2020: 0.26%) of the average invested assets? The costs for investment transactions were 0.11% (in 2020: 0.13%) of the average invested assets.
- Philips Pensioenfonds has relatively low costs compared with other pension funds of its size?
- you can read all about the pension fund’s various costs in section 2.8 of the annual report?
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