Dutch pension funds’ financial position improved

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The third quarter of 2020 has seen improvement in the financial position of pension funds. Their assets went up EUR 41 billion to EUR 1,596 billion. In the same quarter, their liabilities increased by EUR 1 billion to EUR 1,675 billion. With the growth in assets outstripping that in liabilities, their financial position improved.

Published: 27 October 2020

Average funding ratio of Dutch pension funds stood at 95.3%

The pension funds’ average funding ratio came to 95.3% as at 30 September 2020. This represents a 2.4 percentage point increase from 30 June 2020 (see Figure 1). 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 96.0% as at 30 September 2020. This represents an 0.8 percentage point decrease from 30 June 2020 (see Figure 1). The policy funding ratio is the average of the funding ratios for the past twelve months. It fell because the funding ratios in the third quarter of 2020 were lower than those in the corresponding quarter of 2019.

Source: DNB statistics

At De Nederlandsche Bank, we independently compile statistics on the Dutch financial sector and economy. This article is based on these statistics. More information on our statistics and all dashboards can be found on our Statistics homepage.

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We used the following statistics to compile this news release:

  • Financial position of pension funds (Month)
  • Financial position of pension funds (Quarter)
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