money guidance

Money and Pensions Service reveals plans to launch a single offering for consumersMoneyHelper will replace legacy brands; Money Advice Service, The Pensions Advisory Service and Pension Wise People across the UK will be empowered to manage their financial wellbeing with greater confidence and clarity throughout their lifetimes, when a holistic new consumer brand is launched by...

Nick Hill, money expert at the Money and Pensions Service commented: “The measures announced in today’s Budget will continue to provide support for people impacted by the Covid-19 pandemic. However, we know how worried many people are about money right now and dealing with complex financial situations. It can be hard for many people to know where to start in terms of getting help, but it’s...

The Money and Pensions Service welcomes the Financial Conduct Authority’s publication of guidance for firms on the fair treatment of vulnerable customers today. James Fearnley, Policy and Propositions Manager at the Money and Pensions Service commented: “We know that Covid-19 has deepened existing vulnerabilities for some and exposed others to financial difficulty for the first...

Networks and community lead Richard Denyer-Bewick shares three free ways your housing association can support residents with money matters by developing your skills and joining a new community of money guiders across the UK, to take your help further. There’s a money side to most of life’s challenges, so it’s no surprise that the coronavirus pandemic has affected the way people manage...

MaPS responds to the FCA’s press release highlighting the continued support for consumers struggling with payments. James Fearnley, Corporate Policy and Propositions Manager at the Money and Pensions Service said: “It’s crucial that people who are struggling to make credit and mortgage repayments don’t suffer in silence, particularly those who have been hit hardest by the financial...

Valentine Mulholland, Senior Policy and Propositions Manager at the Money and Pensions Service said: “The measures confirmed today will be helpful for people with credit or overdraft commitments who continue to face financial difficulty after the end of October. If people are still struggling with their finances at the end of payment holidays, they shouldn’t suffer in silence. It’s crucial...

Chancellor Rishi Sunak has today announced details of a new Job Support Scheme amongst a package of other measures to support business and workers impacted by coronavirus over the coming months. Alex Connolly, Chief Operating Officer at the Money and Pensions Service said: “We know how worried many people are about money right now, including those whose jobs continue to be impacted by...

First funds will help agencies maintain pre-pandemic levels of debt advice Work has commenced to bring 500 new debt advisers into the sector The need for debt advice is expected to increase by 60% over the next 18 months The first tranche of an additional £37.8 million to fund extra debt advice and other money support for people affected by Covid-19 has been allocated by the Money and...

James Fearnley, Corporate Policy & Propositions Manager at the Money and Pensions Service said: “It’s good the FCA has examined the important issue of re-lending practices. Given the report was conducted before the extra hit from Covid-19 it’s now even more important that consumers take time when making decisions and bear in mind the long-term implications of using high-cost credit....

Andrew Johnson, money expert at the Money and Pensions Service said: “The extension of support measures confirmed today, including for motor finance and high-cost credit customers, could be helpful for people who are experiencing temporary payment difficulties, as we know that Covid-19 is continuing to affect people’s finances. It’s really important that people speak to firms to find out...

Money and Pensions Service reveals plans for a single consumer destination driving financial wellbeing

Media comment: Budget 2021

Media comment: FCA’s guidance on fair treatment of vulnerable customers

Three ways to help your residents with Covid-19 money worries

Media comment: FCA’s continued support for consumers struggling with payments

Media comment: FCA’s continued support for consumer credit and overdraft customers

Media comment: Job Support Scheme and money guidance

Additional £38 million for debt advice funding in England goes into action

Media comment: FCA’s review of re-lending by firms that offer high-cost credit

Media comment: FCA’s continued support of car finance and high-cost credit customers

Managing money in uncertain times