Mid-life MOTs run danger of 'shocking people into doing nothing at all'

While aimed at improving individuals' financial literacy, mid-life MOTs - originally suggested by John Cridland, and now adopted by several mainstream providers - run the risk of shocking people into inaction. Although this is not an argument to necessarily abandon their use, Cass Business School professor of finance David Blake said this nudge tactic may have to be superseded by truly mandatory workplace savings plans. Speaking at the Longevity 15 conference in Washington on 12 September, Blake, who is also director of the Pensions Institute, questioned whether the concept was a "goo...