Several Dutch pension schemes have reported improvements in their funding ratios in April amid rising interest rates, despite mixed investment returns.

The Dutch pension fund for PostNL workers saw its current funding ratio increase over the month from 134.9 per cent to 135.6 per cent.

It noted that an increase in interest rates in April had a positive impact on the current funding ratio, which more than outweighed a decline in the value of investments.

The pension fund also saw its policy funding ratio, which is the average of the current funding ratios of the past 12 months, increase to 135.9 per cent, up from 129.4 per cent a year ago.

Meanwhile, SNS Reaal reported that its current funding ratio rose from 131 per cent to 137.3 per cent in April, as the value of investments increased by 3.3 per cent alongside higher interest rates.

Its policy funding ratio increased from 130.5 per cent to 132 per cent during the month.

Hoogovens Pension Fund reported that its current funding ratio rose from 132.9 per cent to 138.6 per cent in April, with its investment returns improving the current funding ratio by 3 percentage points.

In April, the pension fund’s policy funding ratio rose from 132 per cent to 133.2 per cent.

UWV Pension Fund also saw its current funding ratio increase in April, rising from 121.8 per cent to 126 per cent over the month.

During April, its policy funding ratio increased from 123 per cent to 123.8 per cent.

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