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...

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