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.

2012: The year we felt that golden glow of resurgent Middle England (And not even my cringingly inept BBC could shatter the illusion)

2012: The year we felt that golden glow of resurgent Middle England (And not even my cringingly inept BBC could shatter the illusion) | UPDATED: 02:04 GMT, 30 December 2012 Analysis: Michael Buerk believes 2012 was a proud year for Britain – despite a few low moments It's difficult to pinpoint the exact moment the mood changed and impossible, even in retrospect, to explain why. For me, it came when I was standing in the drizzle, six deep in a crowd massed at a corner of a Surrey lane, waiting for my first glimpse of the London Olympics. The rain stopped