debt advice

MaPS confirms grants to be offered to current MaPS-funded providers of community-based debt advice in EnglandNew grants will be effective for a period of 26 months starting from 1 February 2023 £30 million annually to fund community-based debt advice, including face-to-face provision, as part of £76 million total funding for debt advice in England Ongoing delivery of debt advice assured while...

The Money and Pensions Service (MaPS) is now calling for evidence on debt advice clients with deficit budgets. The purpose of this call for evidence is to understand what help can, or could, be offered where a client presents with a deficit budget, as well as what MaPS can do to enable this help to be given. Overview Debt advice clients with deficit budgets have been...

Caroline Siarkiewicz, Chief Executive of the Money and Pensions Service said: “This Enforcement Notice from the Committee for Advertising Practice (CAP) is another welcome development for those who are struggling with debt. “Over the last two years MaPS – which is the largest single funder of free debt advice in England – and the debt advice charities we fund, have...

Debt Insight Manager Paul Das shares what we know about people using Buy Now Pay Later (BNPL) products, shares our concerns about what is currently offered by some providers and discusses how this product could fit within the regulated credit landscape. BNPL in the UK There are various estimates of the size of BNPL usage in the UK, but what all analysts and market commentators agree...

Caroline Siarkiewicz, Chief Executive of the Money and Pensions Service said: “Research from our Debt Need Survey, which measures how many people need debt advice in the UK, has shown that four in ten people (38%) who had used Buy Now, Pay Later (BNPL) products in the last six months are in need of full debt advice. A further third (35%) are at risk of falling into problem debt, and only a...

This report covers the approach that MaPS took to its 2021 Debt Need Survey, working with research agency Alligator. The report goes into detail on how we executed each aspect of the project from questionnaire development, interviewing and data processing. Insights from the survey were used to produce this blog on who needs debt advice in 2022. More details on our new Need For...

UK Strategy for Financial Wellbeing Following listening events in Scotland and across the UK, The Money and Pensions Service (MaPS) launched the UK Strategy for Financial Wellbeing at the start of 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...

Two years on from the pandemic, we, at the Money and Pensions Service (MaPS), have been looking at the effect the closure of in-person services during the pandemic had on the accessibility and delivery of debt advice in the UK. The idea for the research came from our UK Challenge Group, who were concerned that the overall fall in demand for debt advice seen during the pandemic was...

Money and Pensions Service (MaPS) Chief Executive Caroline Siarkiewicz highlights MaPS work to transform debt advice to help those in need. We know that debt advice works. It works for the people who receive it, and it works for society as a whole, benefitting the UK by up to £960 million a year. We also know that those delivering debt advice provide support that can transform...

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

Money and Pensions Service update on debt advice commissioning: community-based debt advice in England

Call for evidence on debt advice clients with deficit budgets

Media comment: Committee of Advertising Practice Enforcement Notice on debt management adverts

Buy Now Pay Later – the customers and MaPS’ Concerns

Media comment: HM Treasury proposals to regulate Buy Now, Pay Later agreements

2021 Debt Need Survey Technical Report

Delivery Plan for Scotland

Access to debt advice during Covid-19 pandemic

Driving forward change to support those in need

Delivery Plan for Northern Ireland

Managing money in uncertain times