The number of bankrupt over-65s has increased six times in the past ten years, the Insolvency Service says.
US - BP shares soared 7% to a six-month high on the FTSE 100 yesterday as compensation payouts for its spill in the Gulf of Mexico looked set to be lower than expected.
UK - Trustees of the AT Kearney Pension & Life Assurance Scheme have appointed Gatemore Capital Management to act as its dedicated chief investment officer.
ROMANIA - Romania's mandatory pension funds returned 15.1% in 2010 and saw assets under management rise to €1bn ($1.3bn) for the first time.
Middle Class pensioners punished by annuity providers; 10 ways to boost your pension
Trustees of the AT Kearney Pension & Life Assurance Scheme have appointed Gatemore Capital Management to act as its dedicated chief investment officer.
Mn Services has won a £450m fiduciary management mandate from the Delphi defined benefit pension schemes in the UK.
UK - Mn Services has won a £450m ($702m) fiduciary management mandate from the Delphi defined benefit pension schemes in the UK.
LUXEMBOURG - The Association of the Luxembourg Fund Industry (ALFI) has joined the European Federation for Retirement Provision (EFRP) as a full member.
US - Motorola has agreed to contribute $100m to its pension plan over the next five years following negotiations with the Pension Benefit Guaranty Corporation (PBGC).