Challenges remain enormous
Our pension fund faces two major challenges: Rising life expectancy results in an increase in the average length of annuity, and the low interest rate environment means that the achievable returns on investments decrease. The saved retirement capital cannot therefore earn the desired interest.
… and corona
The corona crisis has also left its mark on the C&A Group pension fund. We suffered substantial losses on equity investments in March. But in April the markets recovered somewhat. The Foundation Board and the Investment Committee constantly monitor the financial situation. Strong fluctuations on the stock markets have also occurred in the past and will occur again in the future. We do not venture any short-term forecasts but are convinced that our investment strategy is robust and will stand the test of time.