Dutch pension fund Hoogovens has revealed that its current funding ratio rose from 123 per cent to 125.6 per cent in February.

Compared to the start of 2024, the pension fund’s current funding ratio has risen by 4.4 percentage points.

This year so far, the actuarial rate has had a positive impact on the development of the current funding ratio of 2.1 percentage points. Furthermore, the improvement in investment return also increased the current funding ratio by 2.1 percentage points.

Hoogovens’ invested capital has increased from €9,828m to €9,968m so far in 2024.
Hoogovens noted that these were the main factors influencing the funding ratio this year so far, but there were a few other factors that have had a smaller influence.

The pension fund’s policy funding ratio, which is the average current funding ratio from the previous 12 months, fell from 131 per cent to 130.5 per cent in February.

As a result, the policy funding ratio was therefore 16.1 per cent lower than the funding ratio for future sustainable indexation.

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