More than a third of the UK population is expecting to work full or part-time during their retirement to fund and maintain the lifestyle they want, research shows.

Pioneer Investments has appointed Ian Burton to head up its UK consultant relations team.

The Open Market Option should be employed as the default option for the personal accounts decumulation phase, Hargreaves Lansdown says.

BMB Group has bought emerging markets private equity firm EMP Global.

US - Low and moderate income workers should take steps now to save for retirement and earn a special tax credit in 2008 and the years ahead, the US Internal Revenue Service (IRS) has urged.

GLOBAL - BMB Group has bought emerging markets private equity firm EMP Global.

EUROPE - The European Commission consultation on possible changes to the Institutions for Occupational Retirement Provision (IORP) law should not lead to further harmonisation in the current climate, an industry body has warned.

US - The US$178bn California public Employees Retirement System (CalPERS) is not a sovereign wealth fund (SWF) and should not be treated as such, an influential think tank has claimed.

US - Retirement plan administration and investment management company National Investment Managers (NIM) has bought The Pension Group in a deal worth around $4.7m.

SWITZERLAND - Voters have overwhelmingly rejected a proposal to implement a flexible retirement age as part of a wider referendum on social laws.