What impact did developments in the third quarter of 2023 have on the returns*? This is shown below for each investment profile.
- The returns shown are calculated to the end of September 2023.
- The returns shown are net of fund costs but exclude investment administration fees charged by a.s.r.
- The benchmarks for our investment profiles are composed proportionally.
- These tables show the average annual returns of the investment schedules corresponding to the investment profiles and ages indicated for the specified period.
*The above returns apply to all defined contribution (DC) schemes with a.s.r. investments, except those of the DoenPensioen, as the investment mix of that product deviates.
“Past performance is no guarantee of future results. Nevertheless, we aim to offer more insight by also showing average annual returns measured over a longer period of time."
Lifecycle investing is an important part of our pension strategy. Less favourable short-term returns need not be negative for pension investments. This is because money is contributed monthly, so there is less exposure to timing risks. In fact, lower investment rates give us the opportunity to buy in at more favourable rates. Investments are carefully structured and spread across different asset classes to spread risk. Moreover, with lifecycle investing, the risks are automatically scaled back as the retirement date approaches. This means that investments are adjusted to the participant's current life stage, with a shift to less risky investments as the retirement age nears. This is how we protect the nominal pension benefit in the final years before the retirement date with bonds to hedge against interest rate declines. More details of exactly how this works are available in this video.
The returns shown on this page have been compiled by a.s.r. with due care. No rights may be derived from this information.