News

Previous research has shown that financial wellbeing, by the time of reaching financial independence, is in large part a consequence of what is seen, learned, and experienced during childhood and adolescence. The Children and Young People’s Financial Wellbeing Survey 2022 is a major source of insight regarding children and young people’s financial wellbeing as it currently stands. Our...

Less than half of UK children have been taught about money at home or in school, according to a new report from the Money and Pensions Service (MaPS). Just 47% of children have received a meaningful financial education at home or at school, with millions left without. Those who had are more likely to save, feel confident about money and use a bank account. Money and Pensions Service...

A Money Guiders blog with Carers First Being a carer can have a huge impact on many aspects of your life, including your financial wellbeing. Alison Pask, Relationship Manager on our Money Guiders programme, shares how Carers First supports those financial wellbeing needs, and how your organisation can support customers and employees who are carers. How many carers are there? It...

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,...

Developed in partnership with the NHS, the money and mental health signposting tool (Money in Mind) sets out a range of questions a mental health professional can ask to explore any issues a service user might be experiencing about money. Depending on the nature of those issues, there is also then a range of national services, tools and resources that can be shared. Money in Mind is...

The theme of Mental Health Awareness Week 2023 is anxiety. Sarah Murphy shares free evidence-backed tools to help you address the anxiety caused by money worries and the financial issues that can be caused by mental health problems, whether you’re a creditor or healthcare provider. Sarah is our Health and Social Care and Mental Health Policy Lead. She works with the sector across the UK...

Living with a mental health problem can make it more difficult to interact with and manage money, including payments to financial services providers, public sector creditors and utility providers. Now, the Money and Pensions Service has produced a new guide that shows creditors how to offer more support to customers in difficulty. How this guide was created ‘Mental Health and Money’ was...

Money and mental health organisations across the UK are backing a new guide that shows creditors how to offer more support to customers in difficulty. New guide offers creditors advice on how to give customers more support. 18% of people with a mental health problem are also in problem debt and they’re 1.5 times as likely to struggle with bills and credit commitments Research also...

Mae canllaw newydd yn cynnig cyngor i gredydwyr ar sut i roi mwy o gymorth i’w gwsmeriaid. Mae 18% o bobl â phroblem iechyd meddwl hefyd gyda phroblemau dyled ac maent 1.5 gwaith yn fwy tebygol o gael trafferth gyda biliau ac ymrwymiadau credyd. Mae ymchwil hefyd yn dangos bod gan hanner lai na £100 mewn cynilion ac mae treian heb ddim o gwbl. Mae’r Gwasanaeth Arian a Phensiynau yn...

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...

UK Children and Young People’s Financial Wellbeing Survey: Financial Foundations

Less than half of UK children have been taught about money

Supporting carers’ financial wellbeing

MaPS CEO Caroline Siarkiewicz to step down in January 2024

Money in Mind: Money and mental health signposting tool

How to address both anxiety and money worries

Mental Health and Money: Guidance for supporting customers

Money and mental health organisations combine to back more support for people in difficulty

Sefydliadau arian ac iechyd meddwl yn cyfuno i gefnogi mwy o gymorth i bobl sydd mewn trafferth

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

Managing money in uncertain times