In the third quarter of 2022, Dutch pension funds saw their funding ratios improve relative to the second quarter, as the value of their liabilities showed a steeper decline than their assets. Pension assets went down by €76 billion to €1,440 billion, while aggregate liabilities fell by €83 billion to €1,156 billion.
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The Dutch pension sector’s average funding ratio came to 124.6%. This represents a 2.1 percentage point increase from the previous quarter (see Figure 1). It is now well above the figure for a year ago, which was 110.3%. The funding ratio reflects a pension fund’s current financial position, expressing the ratio between available assets and liabilities.
The policy funding ratio came to 118.2% as at 30 September 2022. This represents a 3.8 percentage point increase from 30 June 2022. The policy funding ratio is the average of the funding ratios for the past twelve months. It increased because the funding ratios in the third quarter of 2022 were higher than those in the corresponding quarter of 2021.
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.
We used the following statistics to compile this news release:
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