The average funding ratio of Dutch pension funds increased in the second quarter of 2024 to 119.3 per cent, according to figures released by De Nederlandsche Bank (DNB).

The funding ratio is 2.6 percentage points higher than at the end of the first quarter of 2024 and above the 118.2 per cent level of a year ago.

DNB said the increase was a result of liabilities falling more than the value of liabilities.
Total investments fell by €14bn to €1,585bn, while total liabilities fell by €42bn to €1,328bn.

In regard to the policy funding ratio, the average of the funding ratio over a 12-month period, it increased in the second quarter. It rose by 0.3 percentage points to stand at 118.5 per cent.

DNB said the increase is because the average funding ratio in the second quarter of 2024 was higher than in the same quarter a year earlier.

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