Press releases

The Money and Pensions Service has responded to the Government’s announcement that parents on Universal Credit will receive more money for childcare costs and won’t have to pay it up front. Nick Hill, Senior Advice Manager at the Money and Pensions Service, said: “Receiving help with their childcare costs up front is a double dividend for many parents. Not only can...

The Money and Pensions Service (MaPS) has announced that Ann Harris OBE, CPFA has been reappointed to its Board by the Department for Work and Pensions (DWP). Ann has served as non-executive director on the MaPS Board since it was first established. Her new term will run for two years from 1 April 2023 to 31 March 2025. Before joining the Board, Ann was the Chair and a...

Over 12 million people are now borrowing money for food or essential bills and half of them are doing so for the first time in their lives, new research suggests. Millions borrowing to pay for food, utility bills and rent or mortgage payments, with half of those doing so for the first time. One in five think they will need credit to get through the next three months. The Money and...

Miliynau yn benthyg i dalu am fwyd, biliau cyfleustodau a thaliadau rhent neu forgais, gyda hanner ohonynt yn ei wneud am y tro cyntaf. Mae un o bobpump yn meddwl bydd angen credyd arnynt i ddod drwy’r tri mis nesaf, Mae’r Gwasanaeth Arian a Phensiynau yn lansio ymgyrch newydd i godi ymwybyddiaeth o’r cyngor ac arweiniad sydd ar gael i’r rhai sydd wedi’u heffeithio gan gostau byw....

Today, as part of its £76m per year investment into debt advice services in England, the Money and Pensions Service (MaPS) is pleased to announce the signature of contracts with the following organisations to provide national and business debt advice, and the administration of debt relief orders (DROs). These three-year contracts have been signed after the successful conclusion...

A fifth of UK adults have sought free help, money guidance or debt advice. One in four have spoken to companies about extra support, e.g. energy suppliers. Young people are the most likely to need help. Free money guidance and debt advice is available, but one in five don’t know where to find it. More than 11 million people across the UK have looked for money...

Ar y cyfan, mae chwarter oedolion y DU â llai na £100 wedi’u cynilo.  Mae bron hanner y bobl sy’n defnyddio credyd yn bryderus am faint sy’n ddyledus ganddynt.  Mae traean yn bryderus am nifer y cynhyrchion credyd sydd ganddynt.  Mae help am ddim ar gael, ond mae pedwar o bob pump person yn dal i’w chael hi’n anodd siarad am arian.  Does gan naw miliwn o bobl...

Overall, a quarter of UK adults have less than £100 put away. Almost half of people who use credit are anxious about how much they owe. A third are anxious about the number of credit products they have. Free help is available, but four in five people still struggle to talk about money. Nine million people across the UK have no savings and another five million have less than £100,...

The Money and Pensions Service (MaPS) has appointed two new people to its Advisory Group. Bernie Hickman, Chief Executive of Legal & General Retail, and Steve Hughes, Chief Executive of Coventry Building Society, have joined 12 other top-level executives from the finance, consumer rights, research and technology sectors. The Advisory Group, established in May 2020, meets quarterly...

The Money and Pensions Service (MaPS) has announced today (Monday 31 October 2022) that it is relocating its head office to Bedford. MaPS will be moving from its current location, 120 Holborn in Central London, to Bedford Borough Hall in early 2024, although a temporary space will be available in spring 2023. The relocation is part of the Government’s Levelling Up agenda and fulfils...

Media comment: Childcare reforms announced in budget a “double dividend” for parents

The Money and Pensions Service announces reappointment of Ann Harris OBE, CPFA, to its Board

One in five people now borrowing to pay for food and other essential bills, with half doing so for the first time

Mae un o bob pump o bobl nawr yn benthyg i dalu am fwyd a biliau hanfodol eraill, gyda hanner yn ei wneud am y tro cyntaf

Money and Pensions Service signs contracts for national and business debt advice services and the administration of Debt relief orders in England

Rising cost of living sees over 11 million people seek money help in the last three months

Nid oes gan un o bob chwech o oedolion y DU unrhyw gynilion

One in six UK adults have no savings

The Money and Pensions Service announces appointment of new members to the MaPS Advisory Group

Money and Pensions Service to relocate to Bedford

Managing money in uncertain times