Blog Uncategorised

Pocket money in a cashless world: tips for Talk Money Talk Pensions Week

Our Strategy and Insights Director Sarah Porretta shares her own experiences of talking money with her family. A year ago during Talk Money Week 2018 I pledged to start giving my kids pocket money. As UK strategy director for financial wellbeing, I decided I really had to walk the talk and ensure I got my two children, aged three and four at the time, off to a good start. How I...
22nd November 2019
Press releases Uncategorised

Media comment: MaPS guidance for Mothercare employees

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...
4th November 2019
Blog Uncategorised

Pensions dashboards: laying the foundations

Chris Curry, principal of the Pensions Dashboards Industry Delivery Group (IDG), recaps the first few months of the project, including appointing a steering group, the group’s first meeting, the Pensions Schemes Bill, industry engagement and recruiting working groups. When I wrote my previous blog post, I was just two weeks into my role at the IDG, it was the start of...
28th October 2019
Press releases Uncategorised

Nudging savers towards pensions guidance: behavioural trials begin

MaPS research to help shape future rules and regulations Behavioural trials to establish the best way to persuade more people to take guidance from Pension Wise before accessing their pension savings are getting under way under the leadership of the Money and Pensions Service (MaPS). The research, being conducted by respected specialists the Behavioural Insight Team, is trying out two...
25th October 2019
Press releases Uncategorised

QuickQuid closure: Guidance for customers

Commenting on the announcement that QuickQuid will close its operations in the UK, Caroline Siarkiewicz, Acting Chief Executive at the Money and Pensions Service, said: “Many QuickQuid customers will be feeling uncertain about what this means for them. While you may be tempted to stop your repayments, it is crucial to keep to your regular schedule, because if you have entered into...
25th October 2019
Reports Uncategorised

Reducing missed debt advice appointments using behavioural science

The Money and Pensions Service (MaPS) has developed a new communication system based on behavioural science, designed to reduce the number of clients missing appointments across the debt advice sector. MaPS supported eight participant organisations to implement the intervention which resulted in a significant reduction in the number of missed appointments (‘no-shows’) by almost one...
24th October 2019
Press releases Uncategorised

Parental leave, self-employment and ill-health are UK’s pensions blind spots

57% of UK adults don’t know you can access your pension early due to severe ill health56% don’t know they can contribute to a pension while on parental leave Almost two thirds don’t know self-employed can benefit from tax relief on pension savings More than half of UK adults didn’t know they can contribute to their pension while on parental leave, or that they can access their pension...
23rd October 2019
Press releases Uncategorised

New research examines benefits of workplace payroll saving on staff financial wellbeing

Two Yorkshire employers test new approaches to encourage workforce saving via credit unions Initial findings show payroll savers are more likely to regularly put money away New research funded by the Money and Pensions Service will test how saving through a workplace payroll scheme can help people improve their financial wellbeing, and ultimately encourage more employers across the UK to...
17th October 2019
Press releases Uncategorised

Queen’s Speech comment: Crucial next step towards delivering pensions dashboards

The Money and Pensions Service has been asked to take a leading role in delivering the infrastructure to support pensions dashboards – this is being taken forward by a delivery group, supported by a steering group representing the pensions sector, consumers and fintech. Commenting on today’s announcement of a Pensions Schemes Bill, which includes new powers to compel pension...
14th October 2019
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