financial wellbeing

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...

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...

As an employer, you have an important role in transforming financial wellbeing in the UK. We have put together a practical guide outlining seven simple steps to help you support the financial wellbeing of your workforce. Wherever you are in the journey, from just starting out to having concrete plans in motion, this guide will provide you with practical guidance, support and assistance to...

The Money and Pensions Service has responded to the Government’s announcement that parents on Universal Credit will receive more money for childcare costs and won’t have to pay it up front. Nick Hill, Senior Advice Manager at the Money and Pensions Service, said: “Receiving help with their childcare costs up front is a double dividend for many parents. Not only can...

Policy managers Sophia Spence-Cheng and Zoe Renton share their thoughts on a new £1.1 million grant programme, funded by the Money and Pensions Service, which tests scaling up projects that deliver financial education training to teachers and practitioners or offer direct delivery of financial education to children and young people in vulnerable circumstances. We know that financial...

Our 2022 Debt Need Survey, looked at the need for debt advice and how households are reacting to changes in the cost of living. This technical report covers the approach that MaPS took to the 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...

The Money and Pensions Service (MaPS) was established in 2018, in line with the Financial Guidance and Claims Act but its origins, go back to 2004 when the then Financial Services Authority produced the first national financial capability strategy. In my former role as Chief Executive of the FSA, I was involved in that exercise and so when the I heard about the MaPS Chair role, it felt like...

Over 12 million people are now borrowing money for food or essential bills and half of them are doing so for the first time in their lives, new research suggests. Millions borrowing to pay for food, utility bills and rent or mortgage payments, with half of those doing so for the first time. One in five think they will need credit to get through the next three months. The Money and...

Money in Mind: Money and mental health signposting tool

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

Financial wellbeing guidance for employers

Media comment: Childcare reforms announced in budget a “double dividend” for parents

Improving children and young people’s financial wellbeing: seven projects for teachers and vulnerable children

Technical Report: 2022 Debt Need Survey

Sir Hector Sants on his tenure as Chair of the Money and Pensions Service, 19 January 2023

One in five people now borrowing to pay for food and other essential bills, with half doing so for the first time

Managing money in uncertain times