Heerlen/Amsterdam, April 22, 2021. ABP’s current coverage ratio rose by 7% from 93.50 to 100.5% during the first quarter of 2021. The main driver behind the improvement in the fund’s financial position was the rise in the interest rate. This means that the fund need not have as much capital to meet all future pension liabilities. The positive return of 1.0% (+€4.7 billion) also contributed to the improvement in the coverage ratio.

Highlights

• Current coverage ratio Q1 100.5% (Q4 2020 93.5%)
• Return Q1 1.0% (+€4.7 billion)
• Available assets €499 billion
• Pension liabilities fall by €33 billion in Q1, mainly due to a rise in the interest rate
• Likelihood of a pension reduction in the coming years remains real

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