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Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.

Mervyn King received a £1.4m pension top-up after signing on for a second five year term as Governor of the Bank of England in 2008, so he could secure his retirement earlier than usual.

Scotland's pension schemes could be inflating deficits due to the use of UK-wide life expectancy estimates that are higher than the Scottish average, Pension Insurance Corporation warns.

Syntrus Achmea; Texas Municipal Retirement System; SRL Global; BNP Paribas Investment Partners; ING Investment Management; Mercer; TAN-EU Capital; Pictet Asset Management

CANADA - Caisse de Depot et Placement du Quebec, Canada's biggest pension-fund manager, posted a 14% return on investment last year as it recorded gains in private equity, infrastructure, stocks and fixed income amid a rebound in global markets.

JAPAN - The Government Pension Investment Fund (GPIF) returned 0.62% in the third quarter of the fiscal year, down from 1.62% the previous quarter.

UK - Lloyds Banking Group made a net curtailment gain of £910m ($1.5bn) last year following changes to its UK defined benefit pension schemes, figures show.

US - California and local governments should freeze pension payments for current workers and convert final salary schemes to a hybrid design, a new report concludes.

Lloyds Banking Group made a net curtailment gain of £910m last year following changes to its UK defined benefit pension schemes, figures show.

More than two-thirds of private sector employees are not enrolled in a workplace pension scheme, statistics reveal.