Mid-life MOT a 'nice idea' but won't work, say advisers

A number of advisers said they had doubts about the practicalities of the idea, not least because they were concerned about the take-up by the general public. PFS chief executive Keith Richards (pictured) had first written to the Chancellor following the publication of the Cridland report to call for the implementation of the measure, which would work like a financial health check, encouraging people to take stock of their finances from age 50. The facility could be incorporated as a trigger in the pensions dashboard and would allow people to consider their existing financial and life...