Press releases | The Money and Pensions Service

Commenting on the Budget Nick Hill, money expert at the Money and Pensions Service said: “The government has announced changes to the way statutory sick pay works for people who contract coronavirus or have to miss work as they have been advised to self-isolate. Your rights depend on your employment status and earnings. If you’re an employee, you should be entitled to statutory sick pay...

Following the collapse of Flybe, Andrew Johnson, money expert at the Money and Pensions Service, said: “This is a difficult time for thousands of travellers but there are also hundreds of Flybe workers who will be very worried about their pay, pensions and overall financial security as a result of this news. Staff should check what they’re entitled to from their employer, including...

Challenge Group chairs will work towards the goals set in the UK Strategy for Financial Wellbeing 11 sector leaders who will head up cross-industry groups set up to help transform financial wellbeing are being named today by the Money and Pensions Service (MaPS). They will chair Challenge Groups which will recommend how the UK can achieve the five national goals set out in the...

Scams training open to community services such as firefighters, GP practice staff and librarians Frontline workers in Wales such as carers and emergency services staff will receive training to help protect people from financial scammers, as part of support offered by the Money and Pensions Service. Public education about financial scams is crucial, when 50% of adults in Wales (1.3m) do...

New trials to see housing, mental health and ex-offender support workers trained as ‘money supporters’ New trials are looking to build on evidence that training frontline support workers in money guidance can help the UK’s most vulnerable people to address and avoid financial problems such as going into debt. Funded and coordinated by the Money and Pensions Service (MaPS), the trials...

Commenting on the Government announcement about Breathing Space, Craig Simmons, Head of Debt Policy and Strategy at the Money and Pensions Service said: “Having worked on the policy behind Breathing Space, it’s great to see it coming into effect in 2021. We welcome the fact that many people will benefit from 60 days without contact from their creditors. In this time, they can get debt...

The appointment follows a robust recruitment process and is effective immediately The Money and Pensions Service (MaPS) is today announcing the appointment of Caroline Siarkiewicz as Chief Executive. Caroline has been acting CEO since June 2019, during which time the organisation has developed and published its UK Strategy for Financial Wellbeing. Caroline takes up the helm of MaPS at...

49% year-on-year increase in customers arranging appointments   95% of appointment customers and 87% of digital customers say they would recommend the service to others More than twofold increase in Pension Wise transactions since the service began Rising numbers of people accessed guidance offered by Pension Wise in 2018/19, with a 49% increase in...

Commenting on the incoming changes to overdraft charges, Money Expert at the Money and Pensions Service, Andrew Johnson, said: “Don’t panic if you get a letter from your bank about new overdraft charges. If you only dip into it occasionally you may not end up paying more because daily and monthly fixed fees are ending. However if you’re in your overdraft for most of the month or you’re...

Media comment: Budget announcement

Media comment: Flybe collapse – guidance for employees

11 sector leaders named who will help shape the UK’s future financial wellbeing

Frontline workers in Wales to join the fight against financial scammers

Frontline first responders could help the UK’s most vulnerable avoid spiralling into debt

Media comment: introduction of Breathing Space

Caroline Siarkiewicz announced as Chief Executive of the Money and Pensions Service

Empowering Savers: Pension Wise appointments see 49% increase in 18/19

Media comment: changes to overdraft charges

Coronavirus and personal finances