In our second quarterly report of 2023, Chairman of the Board Jochem Dijckmeester says: “The financial position of Pensioenfonds PGB improved again in the second quarter of 2023. We achieved a positive investment result of 4.5% for the first half of the year. The current funding ratio also increased. This is due to good returns on our investments and rising market interest rates.”
Policy funding ratio 30 June 2023: 117.1%
The financial situation of the past few months is reflected in the policy funding ratio, which is an average over 12 months. This funding ratio decreased in the second quarter from 118.7% to 117.1% on 30 March 2023.
Current UFR funding ratio 30 June 2023: 117.0%
The current funding ratio increased from 113.2% to 117.0% in the second quarter. This concerns the so-called UFR funding ratio, which is a snapshot of the end of the month.
Click here to read more about the development of the UFR funding ratio and the policy funding ratio.
Return on investments up to and including 30 June 2023: 4.5%
The return for the first half of the year was 4.5%. The investments to hedge the interest rate risk (Matching) achieved a return of 2.1% over the second quarter. The investments to achieve an extra return, such as equities, achieved a return of 5.8% over the second quarter.
Investment Returns Defined Contribution Schemes 2023
The returns of our defined contribution schemes are positive for all age groups over the second quarter: 5.2% for participants aged up to 49, 4.9% for participants aged 50 to 55, 4.5% for participants aged 56 to 61 and 4.1% for participants from 62 years of age.
Want to find out more? Read our quarterly report.