NETHERLANDS - Dutch pension funds received income of €19.6bn from their marketable investments in the first three quarters of 2007, according to De Nederlandsche Bank (DNB).
The bank said, although pension funds only marginally expanded their equity portfolios, dividend income increased relatively rapidly.
In the first three quarters of last year, almost as much was received in dividends as in the whole of 2006. However, the amount of interest income barely edged up.
Foreign securities made up more than 80% of pension funds' equities and bonds portfolios. Around three-quarters of dividend income and 90% of interest income was of foreign origin.
Richard Wohanka is to chair The Pension Superfund's trustee board, working alongside professional firm 2020 Trustees to safeguard members' benefits.
Four people behind a £13.7m cold-calling scam which cost 245 people their savings have been banned from being pension scheme trustees by The Pensions Regulator (TPR).
The Pensions Administration Standards Association (PASA) has launched its latest round of guidance for guaranteed minimum pensions (GMPs).