Press releases

The Money and Pensions Service (MaPS) is taking action to ensure we keep meeting the needs of debt advice clients, many of whom are presenting with increasingly complex cases. After feedback from advisers and advice organisations, along with our own research, MaPS has recognised that there has been a significant rise in case complexity in recent years. In response, together with the...

Today, the Money and Pensions Service (MaPS) is pleased to announce the new contract to deliver an Independent Quality Assessment Service (IQAS) has been awarded to Recognising Excellence. Recognising Excellence, which has previously worked in partnership with MaPS, will deliver the new service from April 2023. The service will independently assess compliance with the FCA-approved...

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...

Half of people living with a mental health problem have less than £100 in savings and over a third don’t have any, new research from the Money and Pensions Service (MaPS) suggests.  Over a third have no savings. They’re twice as likely to have no savings as people who don’t live with a mental health problem. Two thirds are anxious about how much they owe on credit....

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...

MaPS makes changes to debt advice grants in response to increased complexity of client cases in community-based services

New MaPS Independent Quality Assessment Service (IQAS) Announced

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

Half of people living with a mental health problem have less than £100 in savings

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

Managing money in uncertain times