Glossary · Dutch: Beschermingsrendement
Protection return
The return allocated to a cohort to protect the nominal stability of the (expected) pension payments against interest-rate changes. It is determined directly (actual return of protection portfolios) or indirectly (via the interest-rate term structure). In message 4 it lands per cohort in protectionReturnAmount and protectionReturnPercentage.
Where the term lands in the messages
- pension.cohort.protectionReturnAmountThe protection return achieved in the pension scheme currency over the data period per pension scheme and per cohort.
- pension.cohort.protectionReturnPercentageThe protection return achieved in percentage over the data period per pension scheme and per cohort.
Messages
Source: glossary of the VB-PUO manual (8.1 and 8.2), explanation by WTP Data Lab