Phil Collins on his final tour

Phil Collins says his current tour, called My First Final Farewell Tour, will be his last because he wants to spend more time with his young children.

Collins, married for the third time to Orianne Cevey, has a three-year-old son and the couple are expecting a baby in December.

"I'm riddled with guilt about not seeing my other children grow up," he told the New York Post.

"I'm 53, and I feel differently about life. I'm doing this for all my kids. I want to be around so we can enjoy each other."

Switzerland-based Collins whose net worth is said to be £335 million, is currently on tour in North America in support of his upcoming double album Love Songs: Old & New.

His debut musical, Tarzan, backed by the Walt Disney Co., is due to open on Broadway in 2006.
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