he Department for Work and Pensions has launched a tender for suppliers to help deliver midlife MOTs as part of the programme’s pilot stage.
The initiative aims to improve savers in their 40s, 50s and 60s understanding of their finances, health, and careers, while also supporting employers in helping their employees plan for their lives after work. It is currently freely available online.
The DWP said that suppliers would deliver the service through employers in three pilot areas: the north-east of England, East Anglia and Cornwall.
The service could include the “creation of a holistic, tailored, face-to-face midlife MOT programme that is trusted amongst employers”, the government said.
It has invited prospective suppliers to an event on June 15.
Pensions minister Guy Opperman recently cited the initiative as he appealed to the pensions industry for support.
In January, the work and pensions select committee recommended that the Money and Pensions Service produce a “guidance service”, potentially through the midlife MOT, to support savers by using the data available through pensions dashboards.
Alex Janiaud is deputy editor at FT Adviser's sister publication Pensions Expert
