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Kunt u deze e-mail niet goed lezen? Schakel dan afbeeldingen voor deze e-mail in of bekijk de online versie.
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The importance of interest rate hedging
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Dear consultant,
The first quarter on the capital market went very restless. The interest rates fell again sharply due to the policy of the ECB. The interest development is very important for pension investors. The purchase of a pension becomes quite expensive if the interest rate falls.
The interest cover in the Life Cycles of Aegon PPI has moderated the negative effect of the fall in interest rates. Especially older participants who are close to their retirement, achieved a high return. This return compensates the cost increase for purchasing a pension.
Curious about the investment results for the first quarter of 2016?
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| Key developments |
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Due to the ECB policy, the 30-year SWAP interest rates drops by 0.6% from 1.6% to 1.0%. Due to this reduction in interest rates, the cost for purchasing a pension by a participant increases by almost 6%.
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Especially bond investments have benefited from the decline in interest rates. In the Life Cycles this is reflected in the relatively high return of the defensive Life Cycle and age cohorts, just before retireme
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In the beginning of the first quarter, there was a lot of concern in the capital markets about the economic developments in China and about the decline in oil prices. Later in that quarter, the markets stabilized and the disturbance had disappeared.
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The MSCI world equity index (measured in euros) achieved a negative return of 5.4% in the first quarter. The Life Cycle cohorts with a long investment horizon did relatively well compared to the MSCI.
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Explanation to investment performance
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Each quarter, we inform you as consultant first about the investment results. In our webinar on Thursday, 21 April for pension consultants, we explained the investment results over the first quarter 2016. Based on a number of PPI participants, we will indicate whether participants are on course for their retirement goal.
Would you like to take another look at the presentation? Click here (only available in Dutch).
The new pension subscription Flex gives participants a better understanding of their expected pension outcomes. We explained this in the webinar (only available in Dutch).
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| New Life Cycles |
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Aegon PPI has recently introduced the new pension subscription Flex. This new pension subscription also includes new Life Cycles . These Life Cycles offer:
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Progressive annual reduction of risk profile (instead of 7 steps)
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Neutral profile as default profile (rather than defensive)
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You will find more information about the new Life Cycles on our new website that belongs to the pension subscription Flex: www.aegonppi.nl. Under the heading pension investment (Beleggingspensioen) you will read more about Life Cycle investments.
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| Any questions or comments? |
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Do you have any questions or comments on this newsletter? Please contact Desk Account Management of Aegon PPI by phone at (070) 344 50 25 or send an email to ppi@aegon.nl. You can also contact your account manager.
Yours sincerely,
Bas Endlich
Commercial manager
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Aegon Nederland N.V., Aegonplein 50, Postbus 202, 2501 CE Den Haag, KvK Haaglanden 27111251.
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