Quarterly report Q3 2021

21 oktober 2021
Heerlen/Amsterdam, October 21, 2021. As in the first half of this year, the upward trend in ABP’s current coverage ratio continued in the third quarter. The coverage ratio rose slightly by 0.8% to reach 105.3% by the end of September. Compared with the coverage ratio in the third quarter of 2020 (88.2%), the coverage ratio as it now stands is significantly greater: over 17% greater in fact. Despite the gradual improvement of the pension fund’s financial position, an increase in pensions does not seem plausible next year. As the interest rate remained approximately the same, our pension liabilities barely changed. The positive results of the investments slightly increased the coverage ratio in the third quarter. The return in the third quarter was +1.1% (+€5.5 billion). Over the first three quarters of 2021, this figure was +6.7% (+€33.1 billion).

Highlights

  • Current coverage ratio as of Q3 105.3% 
  • Return until Q3 inclusive 6.7% (+€33.1 billion) 
  • Available assets €528 billion 
  • No expectation of pensions being reduced or an increase in pensions next year 
  • Transfers of accrued benefits are in sight

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