The Personal Finance Society (PFS) has offered its backing to the proposals for the 'mid-life MOT' outlined in John Cridland's report on the state pension age published today.
The mid-life MOT, targeted at those aged 50 and above, would allow people to consider their existing financial and lifestyle plans, as well as provide guidance on where to obtain help in the future. The Cridland report suggested the forthcoming pensions dashboard could be an ideal home for an online mid-life MOT, claiming the service could provide financial guidance with an "incorporated lifestyle diagnostic" also offered through the dashboard. It continued: "The mid-life MOT can act as a useful trigger to encourage people to take stock. We recognise different people will have differe...
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