What are the benefits of investing?
StiPP invests your pension money. Every month we look at what the investments yield. Are the results positive? Then money will be added to your pension pot. Are the results negative? Then some money goes out.
StiPP invests in various asset classes. In this way, we spread the investment risks and strive for an optimal return. How much we invest in which category for you depends on your age. If you are young, we take more investment risk. The older you get, the less risk we take. Unless you choose to invest a bit riskier. This can be done via 'Investing for a variable pension'. On 'How does StiPP invest' you will find more information about this.
Returns and participation values by age category
Below you can view the investment results for your age group. If you click on one of the age categories, you can see the development of the participation value and the investment return over the past years and the months of this year. From the age of 57 you can make a choice whether you want to invest for a stable pension or a variable pension.
For those age groups, you will therefore see two choices. If it says (S), it concerns the results of that age group with a stable investment profile. If (V) is behind it, then it concerns the results of the variable investment profile.
What is a participation value?
A participation is your share in the investment deposit of your specific age group within the pension fund.
Investment return April to June 2023
Over the past three months, investments have increased in value. However, the increase was less substantial than in the first three months of 2023. Divided over the different portfolios, these were the returns in the second quarter:
|
Business values (including shares) |
+3,2% |
|
Medium-term fixed income (including government and corporate bonds) |
+0,3% |
|
Long-term fixed income (government bonds) |
+0,1% |
|
Total portfolio (average) |
+1,8% |
In the second quarter of 2023, almost all portfolios ended in the plus. This was mainly due to the return on equities in the so-called developed countries. The youngest participants benefit the most from this result on shares.
E-Newsletter
The amount of your pension depends on the investment returns of the fund. StiPP therefore publishes the investment results every quarter via this website and in an e-newsletter. In it you will get more information about how StiPP invests the pension money and we answer a question about investing and pension. Would you like to receive this e-newsletter? Then log in to My StiPP Pension. There, under My Data > Change data > Subscriptions and communications, you indicate that you want to receive the financial developments newsletter.
Sign up for the financial developments e-newsletter
Explanation of previous quarters
First quarter 2023
In the first quarter of 2023, the portfolios all ended in the plus. This means that all age groups started the year on a positive note: pension capital increased. The youngest participants benefit the most from the positive returns. This is due to the rises in the stock markets.
Fourth quarter 2022
Interest rates continued to rise in the fourth quarter of 2022. The pension capitals of the oldest participants were most affected by rising interest rates. What does this mean for the pension benefits of participants who are about to retire? Fortunately, not much. The expected pension benefit for participants in the oldest age group (65-66 years) remained virtually unchanged. This is because the high interest rate ensures that a higher monthly pension can also be purchased with the accrued pension capital. Do you have a small pension? Then the pension is bought off. Your pension capital has become less valuable due to the negative returns. This means that the surrender amount has become lower. But you can still choose to have your pension paid out monthly. Watch our animation in which we explain how we invest.
Looking at the results of the returns in the various portfolios of last quarter: The "corporate values portfolio" achieved a positive result, thanks to European equities. The "fixed income" portfolios were negatively impacted by rising interest rates. The "long-term fixed income" portfolio (which only contains government bonds) was clearly more affected by this than the other fixed income portfolio and had a return of -3.4% this quarter. This ensured that the older age groups had negative returns this quarter while the younger age groups benefited from the stock market and thus experienced positive returns.
Looking at the results of the returns in the various portfolios of last quarter: The "corporate values portfolio" achieved a positive result, thanks to European equities. The "fixed income" portfolios were negatively impacted by rising interest rates. The "long-term fixed income" portfolio (which only contains government bonds) was clearly more affected by this than the other fixed income portfolio and had a return of -3.4% this quarter. This ensured that the older age groups had negative returns this quarter while the younger age groups benefited from the stock market and thus experienced positive returns.
Third quarter 2022
In the third quarter of 2022, interest rates continued to rise. And stock markets fell further. All portfolios ended in the minus. Once again, the 'Fixed income long' portfolio (which contains government bonds) was hit the hardest by rising interest rates and fell the most. The values of the shares in the 'Business values' portfolio and those of the bonds in the 'Medium income' portfolio also declined further. The distribution between the portfolios is different in each age group. As a result, the return achieved is also different in each age group. Just as in the previous quarter, investment returns were negative for all age groups.
The pension capitals of the oldest participants were most affected by rising interest rates. What does this mean for the pension benefits of participants who are about to retire? Fortunately, not much. The expected pension benefit for participants in the oldest age group (65-66 years) remained virtually unchanged. This is because the high interest rate ensures that a higher monthly pension can also be purchased with the accrued pension capital. Do you have a small pension? Then the pension is bought off. Your pension capital has become less valuable due to the negative returns. This means that the surrender amount has become lower.
The pension capitals of the oldest participants were most affected by rising interest rates. What does this mean for the pension benefits of participants who are about to retire? Fortunately, not much. The expected pension benefit for participants in the oldest age group (65-66 years) remained virtually unchanged. This is because the high interest rate ensures that a higher monthly pension can also be purchased with the accrued pension capital. Do you have a small pension? Then the pension is bought off. Your pension capital has become less valuable due to the negative returns. This means that the surrender amount has become lower.
Second quarter 2022
Interest rates continued to rise in the second quarter of 2022. Stock markets fell further. All portfolios ended in the minus. The 'Long-term fixed income' portfolio was hit hardest by rising interest rates and fell the most. The value of the shares in the 'Business values' portfolio and those of the bonds in the 'Medium income' portfolio also declined further.
The distribution between the portfolios is different in each age group. As a result, the return achieved is also different in each age category. Investments yielded less for all age groups. The oldest participants were most affected by rising interest rates.
A small bright spot for participants who are now retiring: the high interest rate ensures that a relatively higher monthly pension can be purchased with the accrued pension capital. Unfortunately, participants who buy off their pension on retirement date saw their surrender value decrease.
The distribution between the portfolios is different in each age group. As a result, the return achieved is also different in each age category. Investments yielded less for all age groups. The oldest participants were most affected by rising interest rates.
A small bright spot for participants who are now retiring: the high interest rate ensures that a relatively higher monthly pension can be purchased with the accrued pension capital. Unfortunately, participants who buy off their pension on retirement date saw their surrender value decrease.
First quarter 2022
All asset classes showed a negative result. The value of the shares in the 'Corporate values' portfolio and those of the bonds in the 'Medium income' portfolio decreased. After long periods of interest rate declines, interest rates rose sharply in the first quarter of 2022. Interest and value work oppositely: when interest rates rise, bond prices fall. As a result, the 'Fixed income long' portfolio, which contains only euro government bonds, showed the largest decline. The distribution between the portfolios is different in each age group. As a result, the return achieved is also different in each age group.
For participants in the highest age group (65-66), this does not mean that their future pension has deteriorated. On the contrary. As a result of the rise in interest rates, pension purchases have also become less expensive. On balance, pension purchases for older participants therefore improved last quarter.
For participants in the highest age group (65-66), this does not mean that their future pension has deteriorated. On the contrary. As a result of the rise in interest rates, pension purchases have also become less expensive. On balance, pension purchases for older participants therefore improved last quarter.
Fourth quarter 2021
In these three months, the investments achieved a positive result. The positive result is mainly due to the fact that the shares did well. Shares fall into the 'Business values' portfolio. This portfolio achieved a return of 4.9%. The second sub-portfolio is 'Fixed income medium'. This includes different types of bonds. Due to a negative return on corporate bonds, this portfolio ended with a slightly negative return of -0.3%. The 'Long-term fixed income' portfolio achieved a small positive result: 0.3%. This is mainly due to a small price gain due to slightly lower interest rates on government bonds. Because the distribution between the portfolios is different in each age group, the return achieved is also different in each age category. The total portfolio ended in the plus with 2.6%.
Third quarter 2021
The part of your pension that we have invested in the category 'business values' has achieved a negative return of -1.1% during these three months. This was mainly due to the lower result on investments in emerging market equities. Interest rates rose only slightly, so that this loss could not be made up for by the other two asset classes. The 'fixed income medium' portfolio achieved a positive return of 0.2%. The 'fixed income long' portfolio had a small negative return of -0.1%. The younger you are, the more of your retirement money we invest in the "business values" category. Investing in this category, which includes shares, is risky. If you are a little older, we prefer to take a little less risk with your pension. That is why we also invest in fixed income securities, such as government bonds. Are you 65 years or older? Then the return on your pension in these 3 months has been 0%. Are you under 65? Then your pension has achieved a negative return between -0.6% and -0.1%.
Second quarter 2021
The part of your pension that we have invested in the category 'business values' has achieved a positive return of 5.4% during these three months. Investments in (listed) real estate contributed the most to this. The younger you are, the more of your retirement money we invest in this category. Investing in shares, for example, is risky. If you are a little older, we prefer to take a little less risk with your pension. That is why we also invest in fixed income securities, such as government bonds. This category achieved a negative return of 1% in the past quarter. Are you over 65 years old? Then the return on your pension over these 3 months has been -0.3%. Are you under 65? Then your pension has achieved a positive return between 0.4 and 4%.
First quarter 2021
In the first quarter, the various asset classes achieved varying degrees of success. Interest rates rose in the first quarter. As a result, the long-term fixed income asset class (government bonds) achieved a negative return. Shares did increase in value. This, together with the investments in real estate, resulted in a positive return on the business values in the portfolio. Are you under 58 years old? Then the total return was positive and your pension capital has therefore increased. Are you over 58 years old? Then your pension capital decreased slightly last quarter.
Fourth quarter 2020
In the last quarter of 2020, the recovery of the stock market continued. This resulted in a positive return of 10.4% in the 'business values' portfolio of which shares are part. This positive return is reflected in the returns of the younger age groups. For example, your return if you are younger than 47 is 7.6%.
From the age of 57, more than 50% is invested in fixed income securities. These portfolios include bonds. They mainly benefited from a slightly lower interest rate. In addition, the result on corporate bonds was good.
In total, all age groups ended this quarter with a positive return between 1.7% and 7.6%.
From the age of 57, more than 50% is invested in fixed income securities. These portfolios include bonds. They mainly benefited from a slightly lower interest rate. In addition, the result on corporate bonds was good.
In total, all age groups ended this quarter with a positive return between 1.7% and 7.6%.
Third quarter 2020
In total, all age groups experienced a positive return this quarter. For the return over the whole year, this applies to the age groups for participants aged 57 and older. In the third quarter, the recovery in the stock markets continued. As a result, the 'Business Values' portfolio returned 3.2%. If you are between the ages of 21 and 57, we mainly invest in corporate assets, including shares. As a result, you benefited the most from this positive return this quarter.
From the age of 57 until your retirement date, the investment risk is gradually reduced. By reducing the investment risk, you gain a better insight into the amount of the pension benefit that you can purchase on your retirement date. This means that we mainly invest in fixed income securities for you, including bonds. This quarter you benefited from the slightly falling interest rates. The longer the term of a bond, the more benefit the bond has from falling interest rates. The 'Fixed income medium' investment portfolio had a return of 1.5% this quarter and the 'Fixed income long' portfolio 1.9%.
From the age of 57 until your retirement date, the investment risk is gradually reduced. By reducing the investment risk, you gain a better insight into the amount of the pension benefit that you can purchase on your retirement date. This means that we mainly invest in fixed income securities for you, including bonds. This quarter you benefited from the slightly falling interest rates. The longer the term of a bond, the more benefit the bond has from falling interest rates. The 'Fixed income medium' investment portfolio had a return of 1.5% this quarter and the 'Fixed income long' portfolio 1.9%.
Second quarter 2020
After a turbulent first quarter, the stock markets in particular recovered well in the second quarter. The 'business values' portfolio, of which the shares are part, scored a positive total return of 13.9%. Due to a very good result on corporate bonds, the 'fixed income medium' portfolio also scored positively with 2.2%. Finally, government bonds achieved a good return due to falling interest rates. This is reflected in the positive return of 2.3% in the 'fixed income long' portfolio.
Investing in corporate assets involves the most risk, but also the greatest chance of a high return. That is why investments are mainly made for the younger age groups in this category. The risk is further reduced as you get older. The younger age groups therefore benefited the most from the high return on the 'business values' portfolio. But all age groups ended this quarter with positive returns.
Investing in corporate assets involves the most risk, but also the greatest chance of a high return. That is why investments are mainly made for the younger age groups in this category. The risk is further reduced as you get older. The younger age groups therefore benefited the most from the high return on the 'business values' portfolio. But all age groups ended this quarter with positive returns.
First quarter 2020
The year started with the expectation that economic growth could pick up somewhat. The negative effects of the trade war and Brexit seemed to be fading into the background. However, no one could have predicted at the time that the spread of COVID-19 would rapidly develop into a global pandemic. With enormous economic uncertainties and a shock movement by the financial markets as consequences. Actions have been taken worldwide to bring the virus under control. In several countries, a state of emergency has been declared and there is a complete 'lockdown'. As a result, the first quarter proved to be a particularly bad period for investors. Stock markets have fallen at a rapid pace and a recession is now expected. The youngest age groups suffered the most from falling stock markets this quarter, while for the older age groups this effect was dampened by rising bond prices as a result of falling interest rates. All age groups did finish in the minus.