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Dutch pension funds’ financial position deteriorated

29 April 2020 Statistic
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The financial position of Dutch pension funds worsened in the first quarter of 2020, mainly due to the coronavirus crisis. Pension funds' assets fell, by EUR 111 billion, to EUR 1,449 billion. By contrast, their liabilities went up EUR 118 billion to EUR 1,618 billion. Both developments depress the pension funds' financial position.

Funding ratio of pension funds reached 89.6%

At the end of the first quarter of 2020, the average funding ratio of the Dutch pensions stood at 89.6% (see Figure 1). The funding ratio reflects a pension fund’s current financial position, expressing the ratio between available assets and liabilities.

Their average policy ratio stood at 99.7%. The policy funding ratio is the average of the funding ratios for the past twelve months. It fell because the funding ratios in the first quarter of 2020 were lower than those in the corresponding quarter of 2019.

Further information

We used the following statistics to compile this news release:

  • Funding ratios
  • Interest rate term structure (IRTS)
  • Equity markets
  • Euro exchange rates