debt advice

Debt Insight Manager Paul Das shares what we know about how many people need debt advice currently, who they are and how we are using these insights. In September 2021, I explained how the Money and Pensions Service (MaPS) had adapted the way we measure the need for debt advice. This is a crucial activity for MaPS as understanding people who need debt advice is essential in formulating...

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...

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...

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...

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...

Caroline Siarkiewicz, Chief Executive of the Money and Pensions Service said: “This latest ruling from the Advertising Standards Authority (ASA) is a welcome development for those who are struggling with debt. This type of advertising has the potential to refer people to a debt solution that may not be suitable for their circumstances and lead to further problems down the line. “We know...

Who needs debt advice in 2022?

Delivery Plan for Wales

Delivery Plan for England

Financial Inclusion Summit – 15 February 2022

Update on debt advice commissioning – 14 February 2022

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

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

Media comment: ASA ruling

Managing money in uncertain times