Annual Report 2021 in brief
Financial situation
The COVID-19 pandemic continued to dominate the Netherlands and the rest of the world in 2021. Nevertheless, the financial markets recovered. The funding ratio increased in late 2021 to 119.3% allowing us to increase pensions slightly as of 1 January 2022.
* 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 2021, our assets remained approximately the same at € 4.5 billion
We invest these assets to allow your pension to grow, for example in shares, real estate, and corporate and government bonds. The value of our investments fell by 0.6% in 2021.
In 2021, however, we also needed less capital to pay all the pensions because of rising interest rates. As a result, we ultimately achieved an overall return of 8.8%, in spite of the decrease in investment value.
More informed investing
When investing, we take into account the impact on people, the planet and society. Since 2020, we have therefore been selecting the shares we invest in even more consciously. For example, we do not invest in harmful products, such as tobacco, fur, adult entertainment, or nuclear weapons. Of course, we continue to focus on achieving a good return on investment.
Members
In 2021, the number of employers, members, and pensioners at Bpf Koopvaardij decreased.
employers (-6)
seafarers (-90)
former seafarers (-87)
pensioners (-754)
In total
members (2020: 53,042) 22% of all members live abroad.
Costs
The total costs for pension administration increased, as did the costs per member. This is mainly due to additional administrative costs, i.e. costs for determining whether employers should join, for allocating benefits, and for providing information.
The asset management costs have decreased, mainly due to lower transaction costs.
