Nation of Savers

A third are managing to save for unexpected expenses. Many are also saving for special occasions, holidays and day trips. Money and Pensions Service says that putting away small, regular and affordable amounts can help people get into the savings habit and build financial security. More than 30 million adults across the UK are still saving despite the rising cost of living, new...

UK Strategy for Financial Wellbeing Following listening events in Scotland and across the UK, The Money and Pensions Service (MaPS) launched the UK Strategy for Financial Wellbeing at the start of 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...

Following listening events in Northern Ireland and across the UK, The Money and Pensions Service (MaPS) launched the UK Strategy for Financial Wellbeing at the start of 2020. The Strategy is designed to bring partners together to transform the country’s financial wellbeing in a decade. UK Strategy for Financial Wellbeing Since then, MaPS has been coordinating proposals for a Delivery...

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...

What impact has Covid-19 had on financial wellbeing? Our head of insight Nick Watkins explores on how the pandemic has affected the UK Strategy for Financial Wellbeing goals for financial education, saving, credit use, debt advice and pensions. When we launched the UK Strategy for Financial Wellbeing in January 2020, we had no idea that the first Covid-19 cases would be detected in the...

The Money and Pensions Service (MaPS) launched the UK Strategy for Financial Wellbeing in January 2020. The months following the launch brought the coronavirus pandemic, which continues to have a historic impact on the UK economy and people’s personal finances. To help analyse the pandemic’s impact on UK financial wellbeing, MaPS reviewed existing evidence in five separate rapid evidence...

New research shows saving through a workplace payroll scheme can turn employees into regular savers1.Payroll savers are more likely to save frequently than non-members, with results suggesting that more employers should consider offering payroll saving across the UK New research funded by the Money and Pensions Service (MaPS) shows that 7 in 10 employees enrolled in a workplace payroll...

The Money and Pensions Service (MaPS) has responded to the announcement of the Nesta Rapid Recovery Challenge semi-finalists. Sarah Porretta, the Money and Pensions Service Strategy and Insights Director said: “We’re looking forward to seeing how these initiatives, including the winners from the financial recovery strand we are supporting, will help meet the financial wellbeing needs...

A guide to increasing take up of the savings option on the Standard Financial Statement or its equivalent The Money and Pensions Service (MaPS) has developed behavioural science ‘nudges’ to encourage debt advice clients to save or continue saving during their debt plan. These nudges can be used by debt advisers when establishing or reviewing solutions. While not everyone’s...

Two thirds of people still putting money into savings

Delivery Plan for Scotland

Delivery Plan for Northern Ireland

Delivery Plan for Wales

Delivery Plan for England

The 3 D’s of Covid

The impact of Covid-19 on financial wellbeing

Rebuilding financial wellbeing: New research shows workplace saving schemes could help low income earners grow their rainy-day savings

Media comment: Nesta Rapid Recovery Challenge

Encouraging debt advice clients to save using behavioural science

Managing money in uncertain times