Research

 Currently, only 48% of the UK’s children and young people receive a meaningful financial education. The Money and Pensions Service (MaPS) works with stakeholders as part of our role in coordinating the UK Strategy for Financial Wellbeing, to encourage an uplift in the delivery and impact of financial education for children and young people over the next eight years. One of our national...

UK Strategy for Financial Wellbeing Following listening events in Wales and across the UK, The Money and Pensions Service (MaPS) launched the UK Strategy for Financial Wellbeing in January 2020. The strategy is designed to bring partners together to transform the country’s financial wellbeing in a decade. Since then, MaPS has been coordinating proposals for a Delivery Plan for...

UK Strategy for Financial Wellbeing In 2020 the Money and Pensions Service (MaPS) launched the 10-year framework for achieving our vision of ‘everyone one making the most of their money and pensions’: the UK Strategy for Financial Wellbeing. Since then MaPS has worked with hundreds of partners in England and the whole of the UK, from across government, industry and the third...

Financial First Aiders pilot As an employer, it may come as no surprise that financial concerns impact your employees’ mental and physical health, and can even affect work performance. This may have become even more evident in your team in the Covid-19 pandemic, or during life events like maternity leave, bereavement or divorce. Research estimates that money worries cost the UK...

Understanding how to improve the quality of money guidance delivered across the UK In April 2021 the Money and Pensions Service (MaPS) began a pilot to improve the quality of money guidance delivered across the UK, by upskilling organisations and individuals providing money guidance to their service users. The Money Guiders Programme pilot (Phase 1) formally ended in October 2021. MaPS...

How can the Money and Pensions Service help connect people with pensions guidance? Many people do not seek freely available financial guidance that could help them to understand and make the most of their pensions. Tailored signposting, delivered at key moments, can help to engage people with financial guidance. Our ‘Smarter Signposting’ lab pilot explored ways that financial institutions...

Understanding how to scale the delivery of effective financial education for young people Evidence suggests that ‘just in time’ financial education can be particularly effective for young people before they embark into financial independence. However, in the UK, less than half of secondary school age children (42%) recall learning about...

The UK Strategy for Financial Wellbeing sets a national goal to ensure that two million more children and young people across the UK receive a meaningful financial education by 2030. This guidance, supported by the Department for Education, aims to support both primary and secondary schools to play their part in achieving this goal. Developed for school leaders, subject leads and...

How can the Money and Pensions Service help connect individuals with their pensions? The Money and Pensions Service (MaPS) was tasked by government to create and run a MaPS Dashboard. This aims to help individuals to access their pensions information online, securely and all in one place, and enhances the service MaPS offers to help people with their pensions and plan their financial...

To help support UK Strategy for Financial Wellbeing goal of two million more children and young people receiving a meaningful financial education by 2030, the Money and Pensions Service (MaPS) facilitated a workshop with subject matter experts to explore how the financial capability of 4, 5 and 6 year olds and their carers can be measured. We know that children start to learn vital money...

The Children and Young People Financial Education Innovation and Evaluation Programme

Delivery Plan for Wales

Delivery Plan for England

Holistic employee wellbeing: How to support financial wellbeing through peer-to-peer money guidance

Money Guiders Programme evaluation: headline report

Smarter Signposting to pensions guidance

Financial education for 16 and 17 year olds: pathfinder evaluation

Financial education guidance for primary and secondary schools in England

Pensions Dashboard user research

Measuring 4, 5 and 6 year olds’ financial capability: summary of workshop discussion

Managing money in uncertain times