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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.

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

THE Personal Accounts Delivery Authority may provide members with access to a panel of annuity providers to simplify the buying process of a retirement product.

The Financial Reporting Council has published a document to help audit committeees meet the challenges thrown up by the current financial crisis when preparing end of year corporate reports.

Perceived affordability is the greatest barrier to pension saving for low to moderate earners, B&CE Benefit Schemes says.

Public sector pensions are in desperate need of reform but the Conservative party has not drawn up detailed plans on the issue, its pensions spokesman says.

UBS Global Asset Management has donated a collection of its Pension Fund Indicators to The Pensions Archive Trust.

The cost of public sector pension will treble in three years to £3.8bn, the Liberal Democrats say.

The number of over 65-year-olds will grow substantially from 2010 and pensions alone cannot solve the "looming pensioners' crisis", Ros Altmann warns.

There are currently no suitable products available which truly reflect individual's needs when they reach retirement, delegates heard.