Retirees wanting a comfortable retirement and enough money to pay for later life care need to build up around £470,000 in retirement wealth due to the cost of living crisis, according to a new report.

The Pensions Regulator (TPR) has recruited experienced regulator Nausicaa Delfas to be its new chief executive.

Parmenion has added DFM portfolios from wealth manager RBC Brewin Dolphin and investment manager Morningstar to its adviser platform.

Rising expenses from the cost-of-living crisis is the main factor driving retirees over 50 back to work, according to new data from the Office for National Statistics.

The Financial Ombudsman Service plans to freeze its fees for 2023/24 at this year’s level due to the economic pressures facing firms.