Future Focus

Results of behavioural trials published Behavioural trials to explore more effective ways of prompting people who phone their pension provider for retirement information to take Pension Wise guidance could increase the take up of appointments by around three times when compared with the current signposting to this group. The research, conducted by the Behavioural Insights Team on...

Research conducted by the Behavioural Insights Team on behalf of the Money and Pensions Service (MaPS) tested two potential routes when customers asked their providers about access to their workplace savings, either offering to make a Pension Wise appointment for them or transferring them to a member of the Pension Wise booking team who could explain the offer and make an appointment. This...

The Pensions Dashboards Programme Progress Update Report sets out progress made so far and the work that needs to be undertaken before the service launches to the public. The report spells out the scale of the task – involving 52 million adults being connected to up to around 43,000 providers and schemes. Existing challenges include establishing a sufficiently secure identity...

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...

Closing date for responses has now passed. For more opportunities to engage with the UK Strategy for Financial Wellbeing, sign up for the MaPS monthly newsletter, and follow us on Twitter or LinkedIn. The UK Strategy for Financial Wellbeing sets out five challenges – ambitious goals to improve the lives of millions of people by 2030. We are now looking at these priority areas in detail,...

Our Strategy and Insights Director Sarah Porretta tells a tale of love and pensions for International Women’s Day. Are you sitting comfortably? Let me tell you a story, one that’s playing out in households across the UK right now: Sam and Alex are thirtysomethings with two kids. They decided a few years ago it made sense for Alex to work part time, as the childcare fees...

Challenge Group chairs will work towards the goals set in the UK Strategy for Financial Wellbeing 11 sector leaders who will head up cross-industry groups set up to help transform financial wellbeing are being named today by the Money and Pensions Service (MaPS). They will chair Challenge Groups which will recommend how the UK can achieve the five national goals set out in the...

Richard Smith, Industry Lead at the Industry Delivery Group (IDG), provides an update on activity relating to the industry working groups, looking at expressions of interest, resourcing, data scope, research with pension providers and schemes, and the latest stage of the Pension Schemes Bill. I joined the pensions dashboards programme in mid-November 2019 as Industry Lead with...

Scams training open to community services such as firefighters, GP practice staff and librarians Frontline workers in Wales such as carers and emergency services staff will receive training to help protect people from financial scammers, as part of support offered by the Money and Pensions Service. Public education about financial scams is crucial, when 50% of adults in Wales (1.3m) do...

The Pension Wise 2018/19 Service Evaluation Report, published in partnership with Ipsos Mori, is a very positive endorsement of the service and its delivery partners. Since launching in 2015/16, Pension Wise has increased transaction volumes over two and a half times, whilst maintaining excellent satisfaction and advocacy levels and the many positive impacts on the knowledge and...

Additional provider nudges result in more Pension Wise appointments

Pension Wise: the stronger nudge

Pensions Dashboards Programme Progress Update Report: April 2020

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

Join the 2030 Financial Wellbeing Challenge

Love and money: A pension penalty story

11 sector leaders named who will help shape the UK’s future financial wellbeing

Pensions dashboards: moving forward with working groups

Frontline workers in Wales to join the fight against financial scammers

Pension Wise service evaluation 2018/19: Experiences and outcomes of customers

Managing money in uncertain times