Several Dutch pension funds have published August funding updates for their schemes, with improved results reported across both current funding and policy coverage ratios.

Hoogovens Pension Fund reported that its current funding ratio rose from 140.3 per cent to 142.8 per cent in August, up from 137.1 per cent at the start of 2026.

In 2026 so far, the discount rate has had a positive effect of 1.5 percentage points on the development of Hoogovens Pension Fund's current funding ratio.

Its value of invested assets rose from €10,459m in July to €10,850m in August, with its current funding ratio increasing by 7.8 percentage points.

Meanwhile, the pension increase granted on 1 July 2026 had a negative impact of 5.1 percentage points.

The fund’s policy coverage ratio, the average funding ratio over the past 12 months, also improved, rising from 136 per cent to 137 per cent in August.

The policy coverage ratio was therefore 8.1 percentage points below the threshold for future sustainable indexation.

SNS Reaal also reported improvements in its policy funding ratio, which rose from 135.4 per cent to 136.5 per cent in August.

During the month, the value of its investments fell slight, although the average De Nederlandsche Bank (DNB) interest rate also decreased, resulting in an increase in the current funding ratio from 141.3 per cent to 143.6 per cent.

Continuing the trend of improved funding levels, Pensioenfonds UWV reported that its policy funding ratio increased from 125.4 per cent to 125.9 per cent in August.

Meanwhile, its current funding ratio also saw an improvement, rising from 129.1 per cent to 129.8 per cent.

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