financial wellbeing | The Money and Pensions Service

Pilot will help people in England access Mental Health Crisis Breathing SpaceIt will join up healthcare services with the debt advice sectorIt forms part of the £94.6m in debt advice funding from the Money and Pensions Service in 2021/22 The Money and Pensions Service (MaPS) has launched an innovative new pilot to help people in mental health crisis avoid worsening debt problems, as part...

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...

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...

New £2.4m pilot for people in mental health crisis to help avoid spiralling debt

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: 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

Coronavirus and personal finances