Pensioners planning for retirement have been warned that they might need an additional £200,000 in their pension pots to secure a “moderate comfortable retirement“.

New calculations from Interactive Investor reveal the cost of nursing care is projected to hit £200,000 for new retirees.

Despite rising pension incomes, the average pensioner still falls far short of the amount required to fund care home fees. Many retirees may be forced to sell their homes or other assets if they do not start…