2020 in brief
Financial situation
After a turbulent COVID-19 year, we closed 2020 with a funding ratio* of 112.6%.
* In the case of a funding ratio of 100%, the pension fund has precisely the amount of money required to pay out all current and future pensions.
Investments
In 2020, our assets rose to over € 4.5 billion. We invest these assets to allow your pension to grow. For example in shares, real estate and corporate bonds. We achieved a return on investment of 8.7% in 2020.
More discerning investing
When we invest, we take account of the impact on people, planet and society. In 2020, we selected our shares even more discerningly. For example, we do not invest in harmful products, such as tobacco, fur, adult entertainment and nuclear weapons. Of course, we continue to focus on achieving a good return on investment.
Fewer members
In 2020, the number of employers, members and pensioners at Bpf Koopvaardij decreased. Coronavirus played an important role.
employers (-10)
seafarers (-300)
former seafarers (+236)
pensioners (-677)
In total:
members (2019: 53,783) 15% of all members live abroad.
Costs
The total costs of pension administration fell. With fewer active members and pensioners, the costs per member are still slightly higher than in 2019. The increase in asset management costs is due to higher investment management costs, higher transaction costs and higher general costs.
