What is a 'midlife MOT' and could it help you onto a path for a richer future?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 21 February 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A free 'midlife MOT' course has been launched aimed at people who want to do a stock take of their current finances, career and health.

This is an idea championed by the finance industry and government. But is it any good?

Investments and pensions editor Tanya Jefferies undertook the course by finance giant Legal & General and the Open University and tells Georgie Frost and Lee Boyce of her experience.

NS&I has doubled the rates on its green bonds – are they still missing the mark or is the boost good for eco-conscious savers?

The Power of Attorney system has come in for plenty of slack this week with the 'creaking' system said to be in desperate need of improvement. What can be done and why is it important?

Could you, or someone you know, be entitled to a social broadband tariff which could save hundreds on an annual internet bill?

And finally, Lee goes into detail about This is Money's new retro revival series – with the first cash in the attic style subject in focus being video games, and more specifically Nintendo and its late 90s N64 console.

Transcript

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0:00.0	Welcome to This Is Money Podcast. I'm Georgie Frost and joining me and Deputy Editor Lee Boyce is Pensions and Investment Editor Tanya Jeffries.
0:07.7	And inflation is rising. Interest rates will probably go up again soon and energy bills are frankly offensive.
0:13.3	But now we've covered that off. Let's go on to what we'll be talking about on today's show.
0:16.8	A free course to sort out all your life admin, but is a midlife money MOT worth
0:22.3	time and effort. Artania went to find out. More increases to NS&I accounts. This time it's the green
0:28.2	bonds, but at 1.3% will it be enough to attract savers? And what about those who signed up
0:34.0	at 0.65%? Also today, the power of attorney system is slammed. Are you missing out
0:41.0	on half-price internet? And from GoldenEye to Mario, we reveal what your late 90s Nintendo
0:47.2	gear can now fetch. Don't forget, you can stay up to date with all the latest breaking money
0:50.7	news, just go to this ismoney.co.co.uk or download the app. But first, a free
0:55.8	midlife MOT course has been launched aimed at people who want to do a stock take of their current
1:01.4	finances, but also their career and their health. Now, the idea has been championed by the finance
1:06.1	industry and the government. And this online course has been devised by legal in general and the Open
1:11.7	University. It involves two to four hours of independent study, research and quizzes. Well,
1:17.9	our Tanya took precious time out of fighting pension wrongs to do it. But was it worth that time
1:25.7	and effort that possibly might have been better spent fighting pension wrongs?
1:31.1	Tanya, tell me about this course, what it involves.
1:37.1	It's five sections and you basically look at your finances now, where they're heading next, and then your wish list,
1:43.9	then you move on to a work
1:45.1	section, then you end up with a health section. I did find it worthwhile because I am going to
1:51.5	admit right up front that I really hate money admin. I love writing about money. I love being a money
1:57.3	journalist, but when it comes to my own admin, I will just do anything to
	...

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