Belgium Investment and Pensions
Belgium’s 148 IORPs managed €49bn as of end-2024, according to the FSMA, the financial services and markets authority. The number of participating members increased by 5% over 2024, to 2.7 million. A pension reform law was enacted in May 2026. However, it omits any measures to implement an agreement of the current governing coalition to introduce mandatory second-pillar pensions, with a 3% employer contribution, by 2035.
Belgian regulator calls for ‘drastic’ simplification of third pillar investment rules
FSMA outlines possible reform options for retirement savings products in light of the Savings and Investments Union agenda
National pensions tracking experts see limited scope for integrated European service
Creating a pensions tracking service “not a development that can take place from one day to another”, says Dan Adolphson Björck of Sweden’s minPension
Belgian supplementary pensions coverage reached 78% in 2024
Supervisor FSMA published its latest second pillar pensions overview last month
Belgian pension funds deliver flat returns in H1
Belgian schemes delivered a modest 0.25% return in H1 2025, well below their long-term average, as geopolitical tensions and rising bond spreads weighed on markets
Belgian pension reform: €1.5bn in extra pension contributions
For the Belgian pension federation PensioPlus, the introduction of a minimum pension contribution of 3% is not enough
TOP BELGIUM PENSION FUNDS 2025
Pension fund/entity | Assets (€’000)
- ExxonMobil OFP | 3,464,377
- Anheuser-Busch InBev NV | 3,404,936
- Pensioenfonds KBC | 2,721,468
- EUROCONTROL | 2,231,207
- Amonis | 2,045,000
©IPE Research; View the Top 1000 European Pensions Funds 2025 for a comprehensive market overview
Belgian regulator calls for ‘drastic’ simplification of third pillar investment rules
FSMA outlines possible reform options for retirement savings products in light of the Savings and Investments Union agenda
National pensions tracking experts see limited scope for integrated European service
Creating a pensions tracking service “not a development that can take place from one day to another”, says Dan Adolphson Björck of Sweden’s minPension
Trusted partners: Advising Europe’s pension funds
IPE’s survey of European consultants reveals a complex patchwork of client preferences
Belgian supplementary pensions coverage reached 78% in 2024
Supervisor FSMA published its latest second pillar pensions overview last month
#23 Leaders in Investment podcast: Tom Mergaerts, CEO, Amonis
In conversation with Liam Kennedy, Editorial Director, IPE
Belgian pension funds deliver flat returns in H1
Belgian schemes delivered a modest 0.25% return in H1 2025, well below their long-term average, as geopolitical tensions and rising bond spreads weighed on markets
Pension funds KBC and PGGM outline their stance on impact investing
Two pension providers offer different perspectives on impact in their portfolios
Belgian pension reform: €1.5bn in extra pension contributions
For the Belgian pension federation PensioPlus, the introduction of a minimum pension contribution of 3% is not enough
Belgian pension fund body welcomes new government’s second pillar plan
‘Arizona’ coalition government wants workplace pensions with employer contributions of at least 3% by 2035 for all employees
How pension funds manage derivatives and liquidity needs
The use of derivatives, for hedging and other purposes, is common among pension funds, but it can be a drain on liquidity. We asked three pension funds how they ensure adequate levels of liquidity when interest rates are volatile
BP to repatriate Dutch pensions from Belgium
The fund is also considering a buyout to a Dutch insurer for its Belgium-based DB accruals
Belgium: Funding decision awaits new government
The coalition is likely to push through more radical pension reforms
IPE BEST PENSION FUND IN BELGIUM AWARD WINNERS
- 2025 - IBP BRABO OFP | Pensio B | Pensioenfonds Metaal OFP
- 2024 - United Pensions
- 2023 - United Pensions
- 2022 - Pensioenfonds KBC | Pensions OFP
- 2021 - Pensioenfonds KBC
- 2020 - Pensioenfonds KBC
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