Dutch pension assets fell by €190bn in the second quarter (Q2) of 2022, according to figures from DNB.

Over the quarter pension assets dropped to €1,517bn, while liabilities fell by €198bn to €1,239bn. This led to an improvement in the average funding level of schemes, coming in at 122.4 per cent at the end of June 2022.

This represents a 3.6 percentage point increase from the previous quarter and it is now well above the figure for a year ago, which was 109.4 per cent. The funding ratio reflects a pension fund’s current financial position, expressing the ratio between available assets and liabilities.

In addition, the policy funding rate came to 114.7 per cent at the end of Q2. This represents a 3.7 percentage point increase from the previous quarter. The policy funding ratio is the average of the funding ratios for the past 12 months. It increased because the funding ratios in the second quarter of 2022 were higher than those in the corresponding quarter of 2021.

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