{"id":55222,"date":"2021-03-16T11:58:54","date_gmt":"2021-03-16T11:58:54","guid":{"rendered":"https:\/\/www.newangliagrowthhub.co.uk\/?p=54862"},"modified":"2021-07-13T13:32:09","modified_gmt":"2021-07-13T12:32:09","slug":"boost-for-norfolk-and-suffolk-retirement-saving-trials","status":"publish","type":"post","link":"https:\/\/bedotdev.com\/newanglia\/boost-for-norfolk-and-suffolk-retirement-saving-trials\/","title":{"rendered":"Boost For Norfolk And Suffolk Retirement Saving Trials"},"content":{"rendered":"

The Department for Work and Pensions has announced a \u00a340,000 funding boost in Norfolk and Suffolk to help people take stock of their health, skills and wealth as part of later life planning.<\/strong><\/p>\n

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With the pandemic impacting people\u2019s lives in different ways, many will already be reviewing their current situation \u2013 including those wanting a fuller working life, those able to put more into their savings after a period of working from home, or those looking to improve their resilience for the future.<\/p>\n

Find out\u00a0more about New Anglia LEP\u2019s project by clicking here<\/a><\/strong>.<\/p>\n

At a time where many are worried about job security, the \u201cmid-life MOTs\u201d will enable people to identify the skills they will need for the job journey they want, helping them make more informed choices and build their future financial resilience. This initiative will help workers to plan for the future they want.<\/p>\n

Minister for Pensions and Financial Inclusion Guy Opperman said: \u201cIt\u2019s no secret I am a huge fan of this idea and I\u2019m excited to see the results of New Anglia LEP\u2019s trials.<\/p>\n

\u201cWhile we started work on this before the pandemic, the last twelve months have bought people\u2019s financial resilience into sharp focus \u2013 making a mid-life MOT a timely exercise for many.<\/p>\n

\u201cAnd it\u2019s 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.\u201d<\/p>\n

C-J Green, Chair of New Anglia LEP, said: \u201cWe hope it will help employers to develop flexible working models to support caring responsibilities, to analyse employee skills and requirements, support financial planning and healthy lifestyles.\u201d<\/p>\n

The trials will help the DWP understand:<\/p>\n