Heerlen/Amsterdam January 25, 2024. In 2024, ABP’s financial position appeared stable because the current funding ratio at the beginning and end of 2023 did not vary greatly. Yet there was movement throughout the year. In the first half of the year, the current funding ratio rose, before falling back down to a level of 111.9% in the last two quarters. In those two quarters, interest rates fell, due in part to interest rate cuts by the central bank. As a result, the ambition of a full pension increase for the participants could not be realised. An increase of 1.84% was put through for 2025, offsetting half of inflation. In 2024, the annual return was +8.6%. Available assets rose from €502 billion to €544 billion in 2024. Thanks to the reduced interest rates, the value of all our pensions also increased by €31 billion. The policy funding ratio decreased from 113.9% at the end of 2023 to 113.1% at the end of 2024. 

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