financial wellbeing | The Money and Pensions Service

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...

The Money and Pensions Service (MaPS) has responded to the launch of Energy UK’s Vulnerability Commitment. Craig Simmons, head of debt policy and strategy at the Money and Pensions Service said: “When people are struggling to keep up payments on their energy bills they may be experiencing financial difficulties in other areas too, which is why it’s important that people know they...

The UK Strategy for Financial Wellbeing sets a national goal to ensure that 150,000 more children and young people growing up in Scotland receive a meaningful financial education by 2030. This guidance, endorsed by Scottish Government, aims to support both primary and secondary schools to play their part in achieving this goal. Developed for school leaders, subject leads...

MaPS responds to the FCA’s research into understanding consumer financial wellbeing through banking data. James Fearnley, Corporate Policy and Propositions Manager at the Money and Pensions Service said: “We welcome the publication of this valuable report, which matches consumers’ perceptions of their own wellbeing with banks’ transactional data, such as...

This research was conducted by Ipsos MORI on behalf of the Money and Pensions Service, to understand how people think about and engage with their money, and how better financial behaviours can be supported. The report looks at the way in which people’s skills and knowledge, mindset and attitudes, and social identity interact to shape their behaviour. It goes on to highlight key...

Three strategic priorities for 2020/21 to help people make the most of their money and pensions The Money and Pensions Service (MaPS) has today published its Corporate Plan for 2020/21, outlining the organisation’s strategic priorities and its immediate response to the coronavirus outbreak. The plan was due to be published at the beginning of April but has been delayed to allow a review...

Covid-19 has had, and will continue to have, a major impact on our lives and those of our customers. As an organisation we want to try and understand how people’s financial lives are changing, and might change in the future, so that we and our partners can respond in the best way. We have collated and analysed published data from the widest range of sources we could, to...

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,...

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...

Five priority areas to help people make the most of their money and pensions A new UK-wide strategy to transform the country’s financial wellbeing in a decade is being launched today by the Money and Pensions Service (MaPS) under its government mandate. Delivering on the strategy will transform the lives of many individuals, benefitting communities, businesses, the economy and wider...

Media comment: Nesta Rapid Recovery Challenge

Media comment: Energy UK Vulnerability Commitment

Financial education guidance for primary and secondary schools in Scotland

Media comment: FCA’s research into financial wellbeing

Using behavioural science to improve financial wellbeing in the UK

MaPS publishes Corporate Plan detailing key priorities and Covid-19 support

Covid-19 impacts on financial wellbeing

Join the 2030 Financial Wellbeing Challenge

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

UK Strategy for Financial Wellbeing sets out ten-year vision to improve millions of lives

Coronavirus and personal finances