One in three working young people have never contributed to a pension
In a survey of 2,000 UK 18 to 25-year-olds, MaPS found that one in three (29%) who are currently working have never contributed to a workplace or private pension.
Press releases
Find previous press releases on topics including budgeting, saving, debt and borrowing, pensions and financial education.
The Money and Pensions Service’s (MaPS) press office provides a central resource for all media enquiries.
Money and Pensions Service launches Pension Wise Digital
The Money and Pensions Service (MaPS) has launched ‘Pension Wise Digital’ to expand the existing Pension Wise service to more people. By doing so, MaPS is answering...
Money and Pensions Service to build a nation of savers through new UK Savings Charter
Over 11.1 million working age adults on low to modest incomes do not save regularly – without this savings buffer, people could be left vulnerable to unexpected...
Single mum-of-two bravely warns of gambling effects on families, as new data reveals those most at risk of falling into gambling harm
Men, those aged 18-44, and people living in households with an income of less than £9,500 are more at risk of gambling harm, finds the Money and Pensions Service...
New Non-Executive Director appointed at the Money and Pensions Service
The Money and Pensions Service (MaPS) has announced the appointment to its Board of Jaspal Dhillon, as a new Non-Executive Director (NED) chairing the Audit ...
Find the perfect student bank account with MoneyHelper’s improved comparison tool
The Money and Pensions Service (MaPS) has refreshed its bank account comparison tool on its consumer-facing site, MoneyHelper, to help make choosing the right...
How parents can teach children about money at home during the summer holidays: six tips from the Money and Pensions Service
As the summer holidays approach across England and Wales, the Money and Pensions Service (MaPS) is urging parents to teach their children about money, with six...
Wales Manager at Money and Pensions Service recognised in the King’s Birthday Honours List 2024
Wales Manager for the Money and Pensions Service, Lee Phillips, has been awarded an MBE in this year’s King’s Birthday Honours List for her outstanding achievements...
New Non-Executive Director appointed at the Money and Pensions Service
The Money and Pensions Service (MaPS) has announced the appointment to its Board of a new Non-Executive Director (NED), Richard Harvey, who will join the MaPS...
3/4 people feel more scam savvy thanks to “vital” pension service
71% of people who had a Pension Guidance call with MoneyHelper said they have the tools to deal with potential financial crimes and scams, the Money and Pensions...
Welsh Government and Money and Pensions Service join forces on new financial education guides for schools
According to new research from the Money and Pensions Service (MaPS), 3 in 4 people in Wales think pupils need more support with money skills.
3 in 4 people in Northern Ireland think most pupils leave school without the money skills they need
According to new research from the Money and Pensions Service (MaPS), three in four people across Northern Ireland think most pupils are leaving education without...
Eight million people need debt advice and another 12 million are living on the edge
More than eight million people across the UK need to get debt advice and over 12 million more live on the edge, new figures from the Money and Pensions Service...
Hundreds of thousands of young people leaving school every year without money skills
Three in four UK teachers think most young people now leave school or college without the money skills they need, according to new research from the Money and...
Money and Pensions Service becomes Bedford’s 2nd largest employer with new HQ
The Money and Pensions Service (MaPS) has today (February 1st) opened its new headquarters at Bedford Borough Hall.
Demand for MoneyHelper service surges 34% in first week of 2024
The demand for online money help has surged by 34% in the first week of 2024, the Money and Pensions Service (MaPS) has confirmed.
Money and Pensions Service publishes second stage of debt advice strategy
The Money and Pensions Service (MaPS) is today launching the next stage of its debt advice strategy – a formal consultation on its proposals.
One in four people plan to borrow money for Christmas
Almost 14 million people plan to borrow money for Christmas or other religious and cultural holidays over the next three months, new research from the Money ...
Zoe Burns-Shore appointed new Executive Director for Customer Delivery of MaPS
The Money and Pensions Service (MaPS) has announced the appointment of Zoe Burns-Shore as the new Executive Director for Customer Delivery.
More than half of people don’t know what happens to their pension when they die
More than half of people don’t know what happens to their pension when they die and now is the time to find out, the Money and Pensions Service (MaPS) says.
One in three people have missed payments on vital bills already this year
More than 16 million people have missed payments on key household bills this year and over two million did so for the first time, according to new research for...
Oliver Morley appointed new Chief Executive Officer of the Money and Pensions Service
The Money and Pensions Service (MaPS) has announced the appointment of Oliver Morley as its new Chief Executive Officer.
New tool launched to help parents and carers teach children about money
A new tool launched by the Money and Pensions Service (MaPS), Talk Learn Do Digital, will help parents and carers teach children about money and transform their...
One in five Buy Now Pay Later customers using it for essential items
Almost two million Buy Now Pay Later customers are now using it for essential items, new research suggests.
Pension Wise users much more likely to feel well informed about pension pot options than non-users
Nine in ten Pension Wise users say it provided the information they needed, according to new research from the Money and Pensions Service (MaPS).
MaPS publishes 2023/24 Corporate Plan
The Money and Pensions Service (MaPS) has today published its annual Corporate Plan. The 2023/24 Corporate Plan covers the second year of MaPS’ first ever three-year...
One in five UK adults declined for credit in a year
More than nine million adults across the UK were declined for credit in just 12 months, new research suggests.
Two thirds of people still putting money into savings
More than 30 million adults across the UK are still saving despite the rising cost of living, new research suggests.
Half of health and care professionals report rise in money-related health issues – but majority feel unequipped to have financial conversations
Half of health and care professionals are now seeing an increase in health problems caused by money worries - but nine in ten (88%) don’t feel equipped to ask...
Money Midlife MOT: new tool launched
The Government has launched an enhanced digital Midlife MOT. The Midlife MOT is an opportunity to take time out to think about your work, health and money. By...