DWP hands out funding boost of £400,000 in retirement savings mid-life MOT trials

Hope William-Smith
clock • 1 min read

Schemes that help savers with later life planning as part of a government trial will receive a £400,000 funding boost, the Department for Work and Pensions (DWP) has revealed.

Ten organisations will receive the funding to develop and implement "mid-life MOT" financial resilience programmes which help savers "take stock" of their health, skills, and wealth as part of later life planning. The ten local enterprise partnerships involved - which will receive £40,000 each - are Black Country, Coventry and Warwickshire and Greater Birmingham and Solihull (combined application); Heart of the South West; Humber; North East; New Anglia (Norfolk and Suffolk); Worcestershire; Cornwall and Isles of Scilly; Cambridge and Peterborough; Dorset; and Greater Manchester.  The...

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 Retirement

Partner Insight: The psychology of retirement

Partner Insight: The psychology of retirement

Bridging the advisers-clients gap: How emotional intelligence can help build deeper trust with clients and better understand their financial goals

James Woodfall, Raise Your El.
clock 15 September 2025 • 1 min read
Managing drawdown risk: A new frontier in retirement planning

Managing drawdown risk: A new frontier in retirement planning

'Volatility alone is no longer a sufficient risk measure'

Matthew Wright
clock 29 August 2025 • 4 min read
Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read