Two major Dutch pension funds have reported improved funding positions for October 2025, supported by rising investment values despite pressure from falling interest rates.

PostNL Pension Fund's policy funding ratio increased from 132.7 per cent in September to 133.3 per cent in October.

This marks a notable rise from 131.9 per cent a year earlier.

The current funding ratio also strengthened over the month, rising from 137.3 per cent in September to 138.3 per cent in October.

The fund explained that while declining interest rates placed upward pressure on liabilities, this was outweighed by an increase in the value of the fund’s investments.

It added that the current policy funding ratio remains in “relatively good shape,” confirming that the board continues to closely monitor market and portfolio developments alongside its investment advisers.

Meanwhile, Pensioenfonds UWV also reported an improvement in its financial position, with its policy funding ratio rising from 119.8 per cent in September to 120.5 per cent in October.

Its current coverage ratio also rose this month, increasing from 124.5 per cent to 126.1 per cent.

At this level, the fund remains in the range where an increase to pensions may be possible, subject to regulatory requirements and overall financial conditions.

UWV stated that maintaining a robust funding position remains a priority to ensure it can continue to pay pensions sustainably in the long term.

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