Our vision: 'Everyone making the most of their money and pensions'
Introducing the Money and Pensions Service
The Money and Pensions Service (MaPS) brings together three respected financial guidance bodies: the Money Advice Service, The Pensions Advisory Service and Pension Wise. MaPS is an arm’s-length body sponsored by the Department for Work and Pensions, established at the beginning of 2019, and also engages with HM Treasury on policy matters relating to financial capability and debt advice.
Listening phase. Developing a new integrated service
UK Strategy for Financial Wellbeing finalised
UK Strategy published and delivery plans developed
Our mission is to ensure everyone in the UK can easily access the information they need to make the right financial decisions for them throughout their lives, making the most of their money and pensions. 2019/20 is our transition year, and started with a UK-wide listening phase to help shape our UK Strategy for Financial Wellbeing.
MaPS is the largest single funder of free debt advice in England and also works alongside partners across the UK to make debt advice easier and quicker to access, and to improve standards and quality across the sector. We lead innovation by managing an extensive research and evaluation programme to help underpin decision-making related to financial wellbeing for consumers.