Latest developments concerning your pension fund
Latest developments concerning your pension fund Read online |
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Your new pension is getting closer |
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A new year has started, and it will be an important pension year for you and for us. We will use this year to implement he NexT Pension scheme that all our members will switch to on 1 January 2027. For you, this means that you will learn more and more about how this new pension scheme will affect your personal pension. Before that, though, this calendar quarter will be the final time that we decide on raising your pension. The outlook for increasing the pensions by indexation at 1 April 2026 are favourable: even with all the global unrest, the Pension Fund ended 2025 with a solid policy funding ratio of 125.2%. Under the NexT Pension scheme, the annual adjustment of your pension will no longer be the Board’s decision. Instead, it will be linked directly to the returns that the investments yield. This newsletter includes a link to a video in which Martin Sanders, our Investments Director, explains how your personal pension capital will be invested. We will try to achieve enough returns to ensure a proper pension, while also reducing the risks as you grow older. |
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Anita Joosten
Managing Director |
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Explainer video: “How will my personal pension capital be invested?” |
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Test your knowledge: NexT Pension |
How much do you know about the new pension scheme that will come into effect on 1 January 2027? Answer the questions below to find out! |
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Information on indexation in March |
In the immediate future we will decide about increasing your pension at 1 April 2026. You will receive personalised information about this by the end of March. |
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How is Philips Pensioenfonds doing? |
Strong financial position: policy funding ratio at 125.2% |
The Fund’s financial health improved during 2025. At the end of the year, we had a higher funding ratio than we did at the end of 2024, even after the full indexation at 1 April 2025. The main drivers are the higher interest rates and the financial markets’ recovery during the year after the market dip in April. The higher funding ratio means a stronger financial buffer, which is important for getting all our members off to a strong start under the NexT Pension scheme on 1 January 2027. Even so, we remain cautious. The developments around the world are difficult to predict, and that uncertainty could impact our financial position as well. We remain constantly alert to our goal of protecting the financial buffer. |
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“I am drawing a state pension. Why have I received a provisional tax assessment for 2026?” |
— A question that Nicole of our Service Desk is frequently asked — |
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“Sometimes the tax authorities send people drawing a state pension a provisional assessment without them having asked for one. This often comes as a shock to people who have recently retired from their jobs. The tax authorities only demand payment of a provisional assessment if they expect that you will need to pay a large amount of tax for the year ahead. This might be because, besides your state pension, you also receive additional pensions or have income from a business, from capital or from employment.” |
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Your pension savings & responsible investment |
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we asked 30,000 of our members for their thoughts on responsible investment (RI)?
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the findings will help us to align our RI policy even more closely with your priorities?
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more than 5,000 members took part in the survey?
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we will share the results with you during the second quarter of the year?
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we have prepared a short animation for you to see what we are doing already in terms of RI?
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One of the members who responded to the survey included this urgent message: “Please keep doing your best for us, our children, our grandchildren and our great-grandchildren.” |
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New payment dates starting in June 2026 |
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Currently, your pension is paid on the first working day of every month. However, in June 2026 this will change to the 23rd day of the month.
We have already informed you of this change, but will continue to remind you during the first half of this year to make sure that all our pension beneficiaries are properly prepared for when the change happens. |
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What do you think of this newsletter? |
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