pensions

Nine in ten Pension Wise users say it provided the information they needed, according to new research from the Money and Pensions Service (MaPS). 90% of Pension Wise users say they’re well informed about their options for accessing their pension pots after an appointment or using its resources. Users are also much more likely to take financial actions than non-users. A third of...

The Money and Pensions Service (MaPS) has today published its annual Corporate Plan. The 2023/24 Corporate Plan covers the second year of MaPS’ first ever three-year Corporate Strategy. It outlines five priority themes which will help MaPS deliver its core services to millions of people, so they get the guidance and advice they need on money, debt and pensions, however and...

In 2021, reports of pension scams increased by 45%1, and fraudsters stole over £2m from people in the UK in just six months2. This is likely to be a significant underestimate of financial losses, considering the Financial Conduct Authority (FCA) estimates that less than 1 in 5 instances of scams are reported. However, there is little rigorous evidence on what governments and the industry...

The Government has launched an enhanced digital Midlife MOT. The Midlife MOT is an opportunity to take time out to think about your work, health and money. By looking at all three in one place you can start to think about how you can enjoy a healthy working life and plan for a more secure retirement. The Government has taken the lead on delivering the Midlife MOT, and as part of...

The Money and Pensions Service’s (MaPS) Chief Executive, Caroline Siarkiewicz, discusses why focusing on financial wellbeing is even more important in the wake of recent cost-of-living increases. Many people are worried about money right now, yet research shows that just talking about it can help to build a sense of overall wellbeing. Talk Money Week aims to encourage these money...

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...

Current and former employees of P&O are urged not to make any quick decisions about their pension following recent media reports. The Financial Conduct Authority (FCA), the Pensions Regulator (TPR) and the Money and Pensions Service (MaPS) are raising their concerns given the heightened risk of pension transfers following recent redundancies. The FCA and TPR warn that transferring out...

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...

Pension Wise users much more likely to feel well informed about pension pot options than non-users

MaPS publishes 2023/24 Corporate Plan

Pension scams in the UK: Evidence review

Money Midlife MOT: New tool launched

Why financial wellbeing initiatives are more important than ever for businesses and individuals

Delivery Plan for Scotland

FCA, TPR and MaPS joint statement on P&O defined benefit pension schemes

Delivery Plan for Northern Ireland

Delivery Plan for Wales

Delivery Plan for England

Managing money in uncertain times