financial wellbeing

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...

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...

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...

Today, MaPS is launching an exercise to gather information before we start a procurement exercise to establish an independent Quality Assurance Service that will operate elements of MaPS Quality Assurance Framework. The independent Quality Assurance Service will ensure that all service lines, from regulated debt advice to money and pensions guidance, meet at least the requirements of the...

New financial education guidance for primary and secondary schools in England has been launched today, with the support of the Department for Education (DfE). The guidance, which has been developed by the Money and Pensions Service (MaPS) in its role as coordinator of the 10-year UK Strategy for Financial Wellbeing, is aimed at encouraging conversations about money in the classroom by setting...

The UK Strategy for Financial Wellbeing sets a national goal to ensure that two million more children and young people across the UK receive a meaningful financial education by 2030. This guidance, supported by the Department for Education, aims to support both primary and secondary schools to play their part in achieving this goal. Developed for school leaders, subject leads and...

One in three (36%) say thinking about their financial situation makes them feel worried Those who have lost income due to the pandemic are more likely to have lost confidence in their ability to manage money MoneyHelper launches new tools for Talk Money Week, 8-12 November, to reduce money worries and build financial confidence One in two...

Financial Inclusion Summit – 15 February 2022

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

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

Media comment: ASA ruling

Prior information notice regarding MaPS Quality Assurance Framework

New guidance launched to help schools improve children’s money skills

Financial education guidance for primary and secondary schools in England

24 million UK adults don’t feel confident managing their money. Talk Money Week is here to help.

Managing money in uncertain times