Govt launches pensions mid-life MOT platform

The Department for Work and Pensions (DWP) has launched a 'mid-life MOT web portal' to advise workers on their pensions and retirement planning.

In partnership with Public Health England, the Money Advice Service and the National Careers Service, the DWP has provided the web service to allow workers to “check where you are now with your money, work and health and see if your results fit in with what you want in the future”.

The government hopes that the mid-life MOT will encourage workers to take a “financial and physical stock-take” that will help them make better financial decisions for their future retirement.

Launching the site, Pensions Minister Guy Opperman encouraged employers to provide mid-life MOTs for their staff. He said: “A mid-life MOT can help people make sure everything is heading in the right direction – so everyone is fit for the road for years to come.

“But an MOT wouldn’t just benefit an individual. The evidence from the Aviva trial shows that businesses providing them benefit massively, by having a healthier and more settled workforce.”

The DWP has also collaborated with Business in the Community (BITC) on a guide for smaller companies on how they can provide mid-life MOTs for their staff.

BITC age campaign director, Anne Willmot commented: “We believe that employers can play a vital role in enabling people to build their plans and shape their work to suit their needs and aspirations.

“Our new toolkit has been designed specifically with small and medium-sized businesses in mind and sets out how a mid-life MOT can help both employers and employees.”

The mid-life MOT website allows you to check your state pension and links to financial advice services, including The Pensions Advisory Service, which is offering a free one-to-one 'mid-life MOT' to the self-employed.

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