The Belgium Financial Services and Markets Authority (FSMA) released its annual statistical overview of institutions for occupational retirement provision (IORPs) for 2024, showing growth in both membership and assets alongside higher funding levels. Total balance sheet assets rose 7% year on year to EUR 48.9bn, while the average coverage level increased to 123%. By end-2024, Belgium had 148 IORPs governed by Belgian law, down from 150 in 2023, and IORP membership increased 5% to 2.66 million. IORPs invested a little more than three-quarters of their assets in undertakings for collective investment (UCIs), mainly equity and bond funds; on a look-through basis, investments were 49% in bonds and 42% in shares, with a 2024 investment return of 8.6%. The FSMA linked the higher coverage ratio to positive asset returns, noting that a 123% coverage level implies a 23% buffer versus a conservative estimate of liabilities. The FSMA also made available the 2024 annual financial statements and additional sector-level statistics on its website.
Belgium Financial Services and Markets Authority 2025-11-06
Belgium Financial Services and Markets Authority publishes 2024 IORP statistics showing assets up 7% to EUR 48.9bn
The Belgium Financial Services and Markets Authority released its 2024 overview of institutions for occupational retirement provision, noting a 7% increase in total assets to EUR 48.9bn and a rise in the average coverage level to 123%. Membership grew by 5% to 2.66 million, with investments primarily in equity and bond funds yielding an 8.6% return. The FSMA attributed the improved coverage ratio to positive asset returns and provided additional financial statements and sector statistics online.