De Nederlandsche Bank (DNB) recorded a negative result of almost €3.5 billion in 2023. The lion’s share – more than €2.3 billion – is absorbed by the provision for financial risks, while the remaining loss of over €1.1 billion is charged to capital and reserves. TRead more
Dutch pension funds’ average funding ratio improved
Published: 26 July 2022
In the second quarter of 2022, Dutch pension funds saw their average funding ratio improve relative to the first quarter, as the value of their liabilities showed a steeper decline than their assets. Pension assets went down by €190 billion to €1,517 billion, while aggregate liabilities fell by €198 billion to €1,239 billion.
Average funding ratio of Dutch pension funds stood at 122.4%
The Dutch pension sector’s average funding ratio came to 122.4%. This represents a 3.6 percentage point increase from the previous quarter (see Figure 1). It is now well above the figure for a year ago, which was 109.4%. The funding ratio reflects a pension fund’s current financial position, expressing the ratio between available assets and liabilities.
The policy funding rate came to 114.7%. This represents a 3.7 percentage point increase from the previous quarter. The policy funding ratio is the average of the funding ratios for the past twelve months. It increased because the funding ratios in the second quarter of 2022 were higher than those in the corresponding quarter of 2021.
In the third quarter of 2023, Dutch investment funds achieved relatively solid returns, despite falling global bond and equity prices, as revealed by new DNB figures.Read more
The Dutch current account balance increased by €7.1 billion in the third quarter of 2023 compared to a year ago, reaching a record level of €32.2 billion. The increase can be attributed to developments in the goods account and the primary income.Read more