Pensioenfonds PostNL’s policy funding ratio increased to 115.5 per cent in August, rising from 114.1 per cent as higher interest rates had a positive effect.

While the policy funding ratio examines the average funding ratio over the last 12 months period, the pension fund’s current funding ratio increased to 122.3 per cent in August.

According to the fund’s website, anyone receiving payment from the scheme could see their payments partially increased increased if the ratio remains between 110 per cent and 122 per cent until the end of the year.

However, the current funding ratio has been generally falling over the summer months, having stood at 122.7 per cent in June, above the level required for firm increases in pension income, making the increase in current funding ratio represent something of a recovery.

A statement from Pensioenfonds PostNL said: “The board regularly discusses developments in the markets and in the investment portfolio with the investment advisers.

"This ensures proper monitoring of whether and when additional measures may be required. No additional measures are required at this time. The pension fund also has a crisis plan that provides guidance.”

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