News

More than 2 million people who are already over the age of 50 will reach their 100th birthday, latest Department for Work and Pensions analysis reveals.

Thousands of scheme members with small personal pension pots are being "trapped" by poor annuity rates or lack of access to the market, Malcolm McLean says.

An unsecured pension holder aged over 50 but not yet 55 can purchase a lifetime annuity or scheme pension without incurring an unauthorised tax charge, the Treasury says.

From coding errors, to new investment strategies, to mergers and acquisitions - Global Pensions lists the top 20 news stories on www.globalpensions.com in 2010.

The DWP will look into improving annuity rates for people with pension pots of under £5,000, pensions minister Steve Webb says.

UK - John Moret, marketing director at Suffolk Life, is to retire after 40 years in the industry and almost 20 "banging the SIPP drum".

John Moret, marketing director at Suffolk Life, is to retire after 40 years in the industry and almost 20 "banging the SIPP drum".

UK - A family-owned hedge fund will offer investors the chance to use Twitter posts to gauge the mood of the stockmarket.

Swiss Re has transferred $50m (£32m) of longevity trend risk to the capital markets through a securitisation with Kortis Capital.

TURKEY - Anadolu Hayat Emeklilik AS, Turkey's biggest manager of pension funds, has started buying the first lira- denominated bonds ever sold by local banks to benefit from higher returns than are available on government debt.