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Aviva and Age UK launch mid-retirement MOT pilot for 72 to 76-year-olds

The 12-month program, starting later this year, targets defined contribution pension holders in Norwich, York, Bristol, and Sheffield and includes guidance on state benefits, estate planning, and fraud prevention.

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Aviva is partnering with Age UK to launch a 12-month pilot program designed to help people in mid-retirement manage their finances and make their pension savings last longer, according to Coverager.

The “mid-retirement MOT” will combine financial and wellbeing checkups delivered via Age UK’s National Advice Line and in-person sessions through local Age UK organizations. It will initially focus on people aged 72 to 76 with defined contribution pensions in Norwich, York, Bristol, and Sheffield.

Participants will receive support covering pension savings, state benefits, estate planning, powers of attorney, household budgeting, and how to avoid fraud. The pilot is set to begin later this year.

Aviva and Age UK said the findings could help inform a government-backed national program for mid-retirement support. Coverager also notes research published by the organizations last year found 48% of mid-retirees were confident their private pension savings would last for life, while 65% said there was insufficient support for managing their financial needs.

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