The Money and Pensions Service (MaPS) has today announced that its CEO, Caroline Siarkiewicz, has confirmed to the Board that she will not be taking up a second term.

Caroline was appointed as CEO in January 2020 having been acting CEO since June 2019. She will step down at the end of January 2024 after four years leading the organisation through a period of significant change.

As CEO, Caroline led MaPS through the early integration of the three separate organisations Money Advice Service (MAS), The Pensions Advisory Service (TPAS) and Pension Wise.

Under her leadership, MaPS launched its new MoneyHelper consumer brand, published the first ever UK Strategy for Financial Wellbeing, expanded the reach of MoneyHelper pensions guidance and Pension Wise services and helped more people access the life-changing benefits of expert debt advice.

Chair of MaPS, Sara Weller, said:

“I would like to take this opportunity to thank Caroline for the commitment and leadership she has shown as Chief Executive. I look forward to taking forward our work together over the coming months.

“Caroline has been a big part of MaPS’ story since the beginning but MaPS is still a young organisation with a huge amount of potential, and we are now moving into the next phase building on all the hard work Caroline and her team have done over the past four years.”

MaPS Chief Executive, Caroline Siarkiewicz, said:

“My time as Chief Executive of the Money and Pensions Service has been truly inspiring and very rewarding. I am incredibly proud of my colleagues and the passion and enthusiasm they show every day in the work we have delivered.

“It has been a huge privilege to work with so many dedicated and experienced colleagues from many organisations across the sectors and together we have made a difference to so many people’s lives.”

The search for a successor will commence shortly and will be led by MaPS’ Chair, Sara Weller. The appointment will be subject to the approval of the Secretary of State for Work and Pensions.

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For further media enquiries, please contact the MaPS Press Office on 020 8132 5284 / media@maps.org.uk.    

About the Money and Pensions Service

Our vision is “Everyone making the most of their money and pensions.”

We offer free, impartial help and guidance on money and pensions via www.moneyhelper.org.uk and 0800 138 7777. The service includes a range of free tools, plus the opportunity to speak to an expert via WhatsApp, phone, email or live chat.

We also co-ordinate the UK Strategy for Financial Wellbeing, working with partners and stakeholders to help everyone find their way forward and build a better financial future.

We are an arms-length body, sponsored by the Department for Work and Pensions and funded by levies on both the financial services industry and pension schemes.

For more information, visit our website or annual corporate plan and strategy.