Commenting on today’s news about the future of Mothercare, Caroline Siarkiewicz, Acting Chief Executive at the Money and Pensions Service, said:
“This is an incredibly difficult time for Mothercare’s employees, who will be worrying about their pay, pensions and financial security. Pensions are protected but staff are bound to have questions about what happens next.
“If anyone has queries or concerns about how to handle mortgages, debts or other money worries, then the Money and Pensions Service is here to help. Our Money Advice Service website has tips on managing money if your job is at risk and our specialists on 0800 138 7777 will also be able to answer questions about redundancy rights and help you find the right place to get answers about your pension.”
About the Money and Pensions Service
The Money and Pensions Service vision is everyone making the most of their money and pensions.
The new organisation brings together the free services delivered by the Money Advice Service, The Pensions Advisory Service and Pension Wise.
The arm’s-length organisation is sponsored by the Department for Work and Pensions, with a joint commitment to ensuring that people have access and guidance to the information they need to make effective financial decisions over their lifetime. The organisation also engages with HM Treasury, which is responsible for policy on financial capability and debt advice.
Working hand-in-hand with stakeholders throughout the UK, the Money and Pensions Service ensures that money and pensions guidance is available to those that need it, adapting to people’s changing needs throughout their lives, offering services and appointments over the telephone, online and in person where appropriate.
For further information for stakeholders, they should visit the Money and Pensions Service website www.moneyandpensionsservice.org.uk
Consumers can continue to access free guidance about their money and pensions via the following websites and help lines: