Uncategorised | The Money and Pensions Service

Following the announcement that Arcadia has gone into administration, Nick Hill, customer advisory manager at the Money and Pensions Service, said: “This is clearly a challenging time for all sectors, including retailers and there will now be thousands of Arcadia staff who will understandably be very concerned about their jobs, pensions and overall financial security as a result of this...

A guide to increasing take up of the savings option on the Standard Financial Statement or its equivalent The Money and Pensions Service (MaPS) has developed behavioural science ‘nudges’ to encourage debt advice clients to save or continue saving during their debt plan. These nudges can be used by debt advisers when establishing or reviewing solutions. While not everyone’s...

Speaker: Money and Pensions Service (MaPS) Head of Pension Operations Charlotte Jackson It is clearly very easy for the scammers to persuade their victims that the financial “advice” they were offering would supposedly improve their later life. The pensions scams market is constantly evolving and it’s...

Craig Simmons is Head of Debt Policy and Strategy at the Money and Pensions Service (MaPS). The past few years have certainly signalled an increasingly higher profile of debt problems in the UK. While this growth in problem debt is a very significant cause for concern, there has been the positive and wider recognition that the debt advice sector is now receiving. Those who work in...

Policy managers Zoe Renton and David Marjoribanks share six pilots funded by the Money and Pensions Service (MaPS) to test scalable ways to build financial wellbeing. Children and Young People Pathfinders: testing the delivery of financial education at scale Our £1.8m Children and Young People (CYP) Pathfinder programme tests the delivery of financial education at scale...

New financial education guidance for primary and secondary schools in Scotland has been launched today, endorsed by the Scottish Government. The guidance, which has been created by the Money and Pensions Service, as part of the drive to support financial wellbeing and the delivery of financial education for people across the UK, is designed to encourage conversations about...

The UK Strategy for Financial Wellbeing sets a national goal to ensure that 150,000 more children and young people growing up in Scotland receive a meaningful financial education by 2030. This guidance, endorsed by Scottish Government, aims to support both primary and secondary schools to play their part in achieving this goal. Developed for school leaders, subject leads...

Money and Pensions Service commissioned independent report to help tackle the financial wellbeing impact of Covid-19MaPS will take recommendations into account in building a financial wellbeing movementReport released following fifth successful ‘Talk Money Week’ – annual MaPS campaign designed to get people talking about their personal finances The Money and Pensions Service (MaPS) has...

In October 2020 the Challenge Chairs who advise the Money and Pensions Service on the UK Strategy for Financial Wellbeing released recommendations on ‘Building the UK’s financial wellbeing in the light of Covid-19’. To ensure that MaPS fully understood the financial wellbeing impact of Covid-19 across all of the UK, parallel processes of engagement were undertaken in Northern Ireland,...

Financial capability and debt advice have developed as two largely distinct areas of focus. However, by providing these services together there are opportunities to improve how clients respond to debt advice and build their financial capability. This report highlights the findings of research which tested different approaches to effective integrated advice delivery across channels at...

Media comment: Arcadia falling into administration – guidance for employees

Encouraging debt advice clients to save using behavioural science

The Pensions Regulator webinar, 24 November 2020

Update on debt advice projects driving forward our Better Debt Advice agenda for change

Building financial wellbeing at scale: six pilots for children and working adults

New guidance launched to help schools in Scotland enhance financial education for primary and secondary pupils

Financial education guidance for primary and secondary schools in Scotland

Money and Pensions Service provides response to challenging financial wellbeing recommendations

Building the UK’s financial wellbeing in the light of Covid-19

Improving financial wellbeing through the debt advice journey

Coronavirus and personal finances