Total investments held by Dutch pension funds increased slightly in the second quarter of 2025 (Q2), rising by €10bn to €1,604bn, according to figures from De Nederlandsche Bank (DNB).
Its research also found that total liabilities decreased by €22bn to €1,309bn over the quarter, which DNB credited to a further rise in interest rates.
This fall in liabilities, combined with a positive investment result, contributed to a 2.9 percentage point increase in the funding ratio from the previous quarter, reaching 122.5 per cent.
DNB said the funding ratio is above the level of 119.3 per cent, recorded one year ago.
Meanwhile, the policy funding ratio stood at 118 per cent at the end of Q2 2025, an increase of 0.2 percentage points compared to the previous quarter.
The previous update from DNB showed that the average coverage ratio of the Dutch pension sector increased by 3.4 percentage points to 119.6 per cent in Q1 2025, despite a fall in investments amid recent market volatility.
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