Legal & General chief executive Sir Nigel Wilson will retire this year once a replacement is found, after more than a decade in the role and 14 years with the firm.

Rising bills due to 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 published today.

A spike in the divorce rate has increased the risk of financial vulnerability, the Financial Vulnerability Taskforce (FVT) has warned.

Two in three (64%) households that currently save have either already decreased or stopped their savings habit altogether, or expect to have to do so, due to increased living costs.