Online portal to help Peterborough and Cambridgeshire residents make ‘mid-life changes’
The Department for Work and Pensions has announced £40,000 of funding to help people aged 50 or over in Cambridgeshire and Peterborough take stock of their health, skills and wealth as part of later life planning.
The trial of ‘mid-life MOTs’ will enable people to identify the skills they will need for the job journey they want and help them plan for the future.
Minister for pensions and financial inclusion Guy Opperman said: “While we started work on this before the pandemic, the last 12 months have bought people’s financial resilience into sharp focus – making a mid-life MOT a timely exercise for many.
“And it’s not just about retirement savings but also about enabling people to enjoy a fuller working life by helping them understand the skills they will need to learn along the way.”
The Cambridgeshire and Peterborough Business Board will use the ‘mid-life MOT’ to cover people’s physical and mental wellbeing, their career plan and retirement options to ensure they are able to access independent advice and make informed choices.
Mayor of Cambridgeshire and Peterborough James Palmer said: “Our localised mid-life MOT scheme is targeted to those aged over 50 who are looking to take stock, access their future and understand the free of charge support and guidance that’s available from a group of trusted partners.
“This support will cover people’s physical and mental wellbeing, their career plan and retirement options to ensure they are able to access independent advice and make informed choices.”
The funding will be used to build an online portal.
The portal will be launching the week commencing Monday, March 29 and will contain resources for employers to support their employees as well as individuals who are concerned about their money, their health and their employment.