News

The Money and Pensions Service (MaPS) is encouraging people to pay extra attention to their financial wellbeing during the coronavirus pandemic, and to consider what protective steps they can take now to avoid money worries later on. With coronavirus likely to cause disruption for a significant amount of time this year, the government-backed organisation is urging people to spend some time...

This report covers the approach that MaPS took to its 2021 Debt Need Survey, working with research agency Alligator. The report goes into detail on how we executed each aspect of the project from questionnaire development, interviewing and data processing. Insights from the survey were used to produce this blog on who needs debt advice in 2022. More details on our new Need For...

Understanding how to embed and scale effective financial education professional learning Evidence shows that learning and experiences in childhood are important influences on being able to manage and make the most of money in life. As such, teachers (alongside parents) play a key role in providing opportunities for young people to engage and learn about money, shaping their financial...

57% of those who have experienced a recent mental health problem say thinking about their financial situation makes them anxiousEven 26% of people who have not experienced a recent mental health problem report the same concern, yet one in five do not seek helpThe Money and Pensions Service (MaPS) encourages people to seek free guidance from MoneyHelper for money worries this Mental Health...

People with mental health problems are four times as likely to be behind on priority bills1 than people who do notThis Mental Health Awareness Week, the Money and Pensions Service (MaPS) and Rethink Mental Illness are urging healthcare practitioners to refer patients receiving mental health crisis treatment into the Mental Health Crisis Breathing Space (MHCBS) schemeMHCBS places an immediate...

UK Strategy for Financial Wellbeing Following listening events in Scotland and across the UK, The Money and Pensions Service (MaPS) launched the UK Strategy for Financial Wellbeing at the start of 2020. The Strategy is designed to bring partners together to transform the country’s financial wellbeing in a decade. Since then, MaPS has been coordinating proposals for a Delivery Plan for...

Current and former employees of P&O are urged not to make any quick decisions about their pension following recent media reports. The Financial Conduct Authority (FCA), the Pensions Regulator (TPR) and the Money and Pensions Service (MaPS) are raising their concerns given the heightened risk of pension transfers following recent redundancies. The FCA and TPR warn that transferring out...

What is the survey? The Financial Wellbeing Survey 2021 is a nationally representative survey of over 10,000 adults living in the UK. The questionnaire covers the building blocks required for people to feel financially resilient, confident, and empowered. These include: Current and longer-term financial wellbeingDay-to-day behaviours like managing credit, active saving and keeping track...

Two years on from the pandemic, we, at the Money and Pensions Service (MaPS), have been looking at the effect the closure of in-person services during the pandemic had on the accessibility and delivery of debt advice in the UK. The idea for the research came from our UK Challenge Group, who were concerned that the overall fall in demand for debt advice seen during the pandemic was...

Money and Pensions Service (MaPS) Chief Executive Caroline Siarkiewicz highlights MaPS work to transform debt advice to help those in need. We know that debt advice works. It works for the people who receive it, and it works for society as a whole, benefitting the UK by up to £960 million a year. We also know that those delivering debt advice provide support that can transform...

People urged to consider financial wellbeing during coronavirus pandemic

2021 Debt Need Survey Technical Report

Financial education Professional Learning for Teachers in Wales: pathfinder evaluation

More than half of people with mental health problems feel anxious when thinking about money

Healthcare practitioners urged to support clients to access Mental Health Crisis Breathing Space from debt enforcement action

Delivery Plan for Scotland

FCA, TPR and MaPS joint statement on P&O defined benefit pension schemes

Financial Wellbeing Survey 2021

Access to debt advice during Covid-19 pandemic

Driving forward change to support those in need

Managing money in uncertain times