Britain’s pension system is in meltdown, with retirement payouts slashed 27 percent in just four years. Experts say the Bank of England’s policy of printing money to ease the country through the recession has destroyed the pensions industry and “impoverished more than a million pensioners”. And yesterday, in a fresh blow, the Bank’s policy makers agreed to more quantitative easing (QE), pumping an extra £50 billion ($77.4 billion) into the economy and boosting the money supply to £375 billion ($580 billion). William Hunter, director of Hunter Wealth Management, said: “The economy may need more QE, but pensioners need it like...