In the second quarter of 2021, Dutch pension funds saw their financial position improve for the fifth consecutive quarter as the growth in their aggregate pension assets outpaced the increase in liabilities. Pension assets increased by € 60 billion to € 1,736 billion, while aggregate liabilities rose by € 10 billion to € 1,586 billion.
The average funding rate of Dutch pension funds was 109.4%
The Dutch pension sector’s average funding ratio stood at 109.4% as of June 30, 2021. This represents an increase of 3.0 percentage points compared to March 31, 2021 (see Figure 1). It is now well above the figure of a year ago of 92.9%. The funding ratio reflects the current financial position of a pension fund, expressing the ratio of available assets to available liabilities.
The policy funding rate is 101.1% as of June 30, 2021. This represents an increase of 4.1 percentage points from March 31, 2021. The policy funding rate is the average of the rates funding of the last twelve months. It increased because the funding ratio in the second quarter of 2021 was higher than that of the corresponding quarter of 2020.
Figure 1: Funding rate and funding rate of Dutch pension fund policy
We have used the following statistics to compile this press release:
DNB – De Nederlandsche Bank published this content on July 28, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on July 28, 2021 08:12:07 AM UTC.