The move sees MaPS relocate its headquarters from London as part of the Government’s Places for Growth programme and it will become the town’s second largest employer.
Pensions Minister Paul Maynard MP cut the ribbon for the new office and made a speech as part of the opening ceremony.
Also in attendance were Tom Wooton, Mayor of Bedford Borough, and MaPS’ new CEO Oliver Morley, along with a range of partners from across the financial wellbeing sector.
The relocation is part of the Government’s Levelling Up agenda and fulfils MaPS’ commitment to move outside London and the South East.
Paul Maynard MP, Minister for Pensions, said:
“MaPS offers a vital service to people across the country and will continue to offer free, impartial help and guidance in the years to come.
“This move underlines our commitment to bringing new jobs to Bedford and the wider region and spreading opportunity more equally across the UK.”
Oliver Morley, Chief Executive of the Money and Pensions Service, said:
“I’m very pleased to see our new headquarters open and to fulfil the commitment we made as part of the Places for Growth programme.
“Bedford is an ideal location for our organisation and it’s exciting to see that numerous talented people from the area have already become part of our team.
“This is a new era for us, but our vision remains the same; helping everyone to make the most of their money and pensions.”
Tom Wootton, Mayor of Bedford Borough Council, said:
"On behalf of the whole Borough I want to reiterate how delighted we are to have the Money and Pensions Service based here in Bedford Borough Hall. They are now at the centre of a town on the up and a great representation of our commitment to continue bringing fantastic employment opportunities to local residents."