Maps to create checklist to help over-50s affected by Covid-19 plan for future

'Later-life checklist'

Stephanie Baxter
clock • 3 min read

The Money and Pensions Service (Maps) will develop a ‘later-life checklist’ to help over-50s who have been affected by Covid-19 and need to plan for their financial future.

The decision comes in response to 13 recommendations on building financial wellbeing in light of Covid-19, laid down by the ‘challenge group' chairs who advise Maps. The ‘later-life checklist' will be a digital resource and have no upper age limit, but will be focused on those who intend to dip into their retirement savings as a specific result of coronavirus. This may include people who lose their jobs, or have their income reduced, and who may be likely to have fewer options in a tough jobs market. The service said that while Pension Wise and others provide guidance on a range of ma...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

British Steel a stark reminder of obligations around client files

British Steel a stark reminder of obligations around client files

Lawyer Philippa Hann reflects on her work around the pensions case

Hope Coumbe
clock 27 March 2024 • 2 min read
SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read
Pension dashboard operators join forces to push project forward

Pension dashboard operators join forces to push project forward

Coalition aims to bring 'dashboards to consumers as early as possible'

Jasmine Urquhart
clock 25 March 2024 • 2 min read