Private sector pensions shut down at record rate: Millions face working into their 70s for paltry payouts

Private sector pensions shut down at record rate: Millions face working into their 70s for paltry payoutsOnly 13 per cent of new recruits at companies will get a 'final salary' pensionThe figure is dramatically down from the 43 per cent of new recruits in 2005National Association of Pensions Funds highlights a pension apartheid By Becky Barrow PUBLISHED: 02:24 GMT, 28 January 2013 | UPDATED: 02:24 GMT, 28 January 2013 Gold-plated pensions in the private sector are being shut down 'at the fastest rate on record', a report by the National Association of Pensions Funds warns today.

Return of the first-time buyer: Numbers reach five-year high as 216,000 take their first step on property ladder this year

Return of the first-time buyer: Numbers reach five-year high as 216,000 take their first step on property ladder this yearNumber of first-time buyers increase by 12 per cent First-time buyers are getting older and put down bigger deposits than before | UPDATED: 00:01 GMT, 29 December 2012 First-time home buyer numbers reached a five-year high in 2012, helped by improvements in affordability, a study has found. However, the average age of a first-time buyer has increased to 30, from 29 a year ago, and the typical deposit required is 20 per cent, compared with the deposit of around 10 per cent put down in 2007, Halifax found. Around 216,000 people took their first step on the property ladder in 2012, showing a 12 per cent year-on-year increase and making up two fifths of all house purchase loans.

Want a pay rise? Then you"d better become a father as study reveals men with children earn a FIFTH more

Want a pay rise Then you'd better become a father as study reveals men with children earn a FIFTH moreIncentive of being breadwinner for a family may push men to work harderWomen who give birth at an early age are ending up worse off than beforeMothers earn 26 per cent less than fathers but the pay gap is shrinking | UPDATED: 01:16 GMT, 24 December 2012 Fathers earn almost a fifth more than men who do not have children, according to research. The ‘fatherhood pay bonus’ means that the salaries of men who have children before they are aged 40 are likely to be 19 per cent more than childless colleagues.

Helen McGlone: 2m for victim of cancer unable to have children

2m for victim of cancer unable to have children… but she wants even more following two botched smear tests by health board Helen McGlone had two smear tests but pre-cancerous cells not spotted The 33-year-old was forced to have a hysterectomy when it was discovered She sued for 20million for loss of earnings but was awarded 2million Lord Bannatyne rejected her claim at Edinburgh Court of Session Her lawyer said she is considering appealing the award | UPDATED: 21:13 GMT, 15 December 2012 Disappointed: Dr Helen McGlore, at Edinburgh Court of Session, sued for 20million after two smear tests failed to spot pre-cancerous cells A woman left unable to have children after a health board failed to spot her cancer has been awarded more than 2million in damages. Helen McGlone, 33, claimed medical negligence ended her prospects of a high-flying career in the financial sector and will force her to use a surrogate mother to have children.

Osborne statement: Now we ARE all in it together: Osborne puts 400,000 middle-class workers into 40% tax band, squeezes benefits and orders 1bn raid…

Now we ARE all in it together: Osborne puts 400,000 middle-class workers into 40% tax band, squeezes benefits and orders 1bn raid on higher earners' pensions Mr Osborne targeted workers at top, middle and bottom of financial heapHardest hit by measures will be top 10% and bottom 10% of earnersEconomy predicted to shrink by 0.1% in 2012 according to statementSchools given discretion to raise teachers' pay if they perform wellExtra 5bn to be used for infrastructure projects including 100 new schools | UPDATED: 23:26 GMT, 5 December 2012 George Osborne targeted workers at the top, middle and bottom of the financial heap yesterday with a raft of money-saving measures. He ordered a tax raid on higher earners’ pensions, warning that Britain is only a third of the way through its age of austerity. He dragged 400,000 more workers into the 40p tax rate by raising the earnings threshold by just one per cent – below the rate of inflation