Pension fund ABP’s assets have fallen by €45 billion since the beginning of this year primarily owing to losses in the bond and equity markets fuelled by recession fears and the rapid rise in interest rates. At the end of May, the value of ABP’s investments was €505 billion, down from €550 billion at the end of 2021.
Along with ABP’s €45 billion loss due to recession and interest rate fears, Dutch pension funds in general are losing assets due to rising interest rates. The other major Dutch pension funds, such as Zorg en Welzijn and PMT, are also suffering losses, their spokespersons confirm, as do last month’s figures.
Yet, at the same time, the funding ratios are actually rising. As a result, indexation will probably not be jeopardised this year.