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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...

Over a third of over-50s leave retirement finance planning late or won’t plan at all Half of those recently retired advise Gen X to start planning earlier 35% of retirees said they left planning to the last two years or didn’t plan at all Over a third (37%) of over 50s are...

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...

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...

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...

People urged to consider financial wellbeing during coronavirus pandemic

3 million over-50s will leave planning retirement finances to final two years before stopping work

Nudging savers towards pensions guidance: behavioural trials begin

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

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

Coronavirus and personal finances