We spent 12 months listening to our stakeholders and developing a UK Strategy for Financial Wellbeing, which is designed to drive change at scale and shift the dials on personal finance.
The UK Strategy for Financial Wellbeing is the ten-year framework which will help achieve the vision of everyone making the most of their money and pensions.
MaPS will play a key role in achieving this vision by supporting and working with a wide range of other organisations, and by delivering services where appropriate.
The Strategy sets out a small number of big themes to engage and motivate large numbers of stakeholders. It is focused on measured goals which aim to bring benefits for individuals, their communities and wider society. The goals we want to see achieved by 2030 are:
The Strategy will only achieve its ambitious vision through collaboration and partnership with organisations across government, the third sector, educators, consumers, financial services, employers and others.
Since launching the Strategy in 2020, MaPS has worked with partners from all four governments in the UK, industry and the third sector to coordinate delivery plans for each of the UK nations.
The plans make practical recommendations on how organisations across the country can roll out initiatives which help people make the most of their money now and in the future. They consider the impact of the Covid-19 pandemic on people’s finances, and how we can work together to achieve long term and lasting change around how people manage their money.
The plans are for you if you are:
We held a listening phase for three months, engaging over 1,000 stakeholders in locations around the UK on what they would like to see us focus on. This feedback helped shape the Strategy.
Read a summary of the discussions in our Listening Phase ReportOpens in a new window (PDF, 488KB)
To meet the goals set out in the UK Strategy for Financial Wellbeing, the Money and Pensions Service brought together cross-sector groups of committed specialists to help set milestones for the ten-year journey towards better financial wellbeing. They worked for a six-month period to address the key strategic financial priorities for the UK, came up with some bold proposals and helped create plans to see them put into action.
You can find information about the members of each challenge group below.
Chair: Ndidi Okezie OBE, UK Youth
Co-chairs: Eric Leenders, UK Finance and Sarah Porretta, Money and Pensions Service
Chair: Marlene Shiels OBE, Capital Credit Union
Chair: Sacha Romanovitch OBE, Fair4All Finance
Chair: Ben Page, Ipsos MORI
Chair: Sir Hector Sants, Money and Pensions Service
Chair: Professor Dame Carol Black, Centre for Ageing Better
Chair: Emma Douglas, Legal & General Investment Management
Chair: Jackie Leiper, Lloyds Banking Group
Chair: Paul Farmer, Mind
Chair: Sacha Romanovitch OBE, Fair4All Finance
For media enquiries please contact MaPS Press Office: