coronavirus

Today (Wednesday 1 April), regulators are urging savers to keep calm and not rush to make any decisions about their pension in response to the COVID-19 pandemic. The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA), supported by the Money and Pensions Service (MaPS), say fears over the impact of the pandemic on markets and personal finances may make savers more...

Commenting on the collapse of rent-to-own firm Brighthouse, Andrew Johnson, Money Expert at the Money and Pensions Service, said: “Even though Brighthouse has gone into administration, customers should still keep up with their normal repayments unless a payment holiday has already been agreed. At this particularly difficult time for many families, anyone who is going to struggle to make...

Chancellor Rishi Sunak has today announced details of a package to help support people who are self-employed during the coronavirus outbreak – the Self-Employed Income Support Scheme. MaPS money expert Nick Hill said: “This is an extremely worrying and uncertain time for everyone, and particularly people who work for themselves. While the package announced by the government is being put...

The Money and Pensions Service (MaPS) is encouraging people to pay extra attention to their financial wellbeing during the coronavirus pandemic, and to consider what protective steps they can take now to avoid money worries later on. With coronavirus likely to cause disruption for a significant amount of time this year, the government-backed organisation is urging people to spend some time...

COVID-19: Savers – stay calm and don’t rush financial decisions

Collapse of rent-to-own firm Brighthouse: media comment from the Money and Pensions Service

Self-employed income support scheme: media comment from the Money and Pensions Service

People urged to consider financial wellbeing during coronavirus pandemic

Managing money in uncertain times