Industry heavyweights back Cridland's 'mid-life MOT'

Pilots underway

Hannah Godfrey
clock • 2 min read

Industry heavyweights have weighed in on the positives of introducing a 'mid-life MOT' at today's ABI Conference with Aviva revealing it is already working on a pilot scheme.

Speaking at the Association of British Insurers (ABI) event on 26 April, pensions and financial inclusion minister Guy Opperman said the mid-life MOT was an idea he was "championing". Meanwhile, on a panel later in the event, The Pensions Advisory Service chief executive Michelle Cracknell agreed there should be some sort of ‘nudge' put in place, and that a mid-life MOT could act as a way to help the general public talk more openly about money. "The issue is that the pension landscape has changed so dramatically, and yet 50-year-olds today don't have any reference point to say ‘well I...

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