News

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...

Speaker: Money and Pensions Service (MaPS) chair Sir Hector Sants Just over two years ago, the Money and Pensions Service (MaPS) made its first major strategic intervention into helping people manage their money. In January 2020 we launched the UK’s first ever national Financial Wellbeing Strategy. Our UK strategy was developed with the explicit support of government. It drew upon...

In December 2021, we announced changes in the timeline for awarding the contracts for the National Services, Business Debt and DRO Hub Lots, and that we would be implementing short-term grants to protect the ongoing delivery of advice whilst we worked with debt advice clients, advice organisations and other stakeholders to identify the best ways to deliver locally based services. We are...

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...

Fiona Ellis, Learning and Award Lead at the Money and Pensions Service, reflects on how you can learn and develop through Money Guiders, and how the programme will respond to the findings of the independent evaluation of the pilot phase, published today. The Money Guiders...

MaPS is committed to ensuring the best possible outcome from the debt advice commissioning process for clients, and making sure the services we fund in England are inclusive and accessible to people with different needs and from diverse backgrounds. To support this, we undertake Equality Impact Assessments (EIAs) at an early stage of procurement so that we can understand and evaluate the...

New research reveals those with higher financial wellbeing are much more likely to be content with their lives than those earning top salaries Financial wellbeing involves feeling secure and in control, making the most of your money day to day and dealing with the unexpected16 million UK adults1 have lower financial wellbeing, meaning they are more likely to be less satisfied...

The Debt Advice Peer Assessment Scheme (DAPA) as a quality assurance testing mechanism will cease on the 31st of March 2022. The last case files to be assessed under DAPA have been received and will be being marked and assessed during January and February with final reports being produced in March. In recognition of the resource challenges and attrition occurring within the...

Money and Pensions Service (MaPS) Chief Executive Caroline Siarkiewicz looks back at our work in 2021 and goals for the coming year. I’m sure we will all agree that 2021 has been a challenging year both for individuals and organisations. In light of those challenges, I am particularly proud of the work that we have done with our partners and...

Through the current commissioning process for England, MaPS’ core objective is to make free of charge debt advice available to more people who need it and ensuring the needs of people in vulnerable circumstances are met, whilst achieving best value for money. Our modelling shows that more and more people will need this expert debt advice over the months and years ahead, including as a...

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

Financial Inclusion Summit – 15 February 2022

Update on debt advice commissioning – 14 February 2022

Money Guiders Programme evaluation: headline report

Our development programme for Money Guiders: what we tested and learned

Money and Pensions Service (MaPS) statement on Equality Impact Assessments for debt advice commissioning

Beat the blues by focusing on financial wellbeing

Money and Pensions Service (MaPS) statement: update on MaPS Quality Assurance Framework

2021: Looking back, looking forward

Money and Pensions Service (MaPS) statement: update on debt advice commissioning

Managing money in uncertain times