financial wellbeing

57% of those who have experienced a recent mental health problem say thinking about their financial situation makes them anxiousEven 26% of people who have not experienced a recent mental health problem report the same concern, yet one in five do not seek helpThe Money and Pensions Service (MaPS) encourages people to seek free guidance from MoneyHelper for money worries this Mental Health...

People with mental health problems are four times as likely to be behind on priority bills1 than people who do notThis Mental Health Awareness Week, the Money and Pensions Service (MaPS) and Rethink Mental Illness are urging healthcare practitioners to refer patients receiving mental health crisis treatment into the Mental Health Crisis Breathing Space (MHCBS) schemeMHCBS places an immediate...

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...

What is the survey? The Financial Wellbeing Survey 2021 is a nationally representative survey of over 10,000 adults living in the UK. The questionnaire covers the building blocks required for people to feel financially resilient, confident, and empowered. These include: Current and longer-term financial wellbeingDay-to-day behaviours like managing credit, active saving and keeping track...

Caroline Siarkiewicz, Chief Executive of the Money and Pensions Service said: “Many people watching today’s Spring Statement might be worried about managing their money in these uncertain times. Our research shows more than one in three admit to feeling worried when thinking about money matters, and nearly half admit they don’t feel confident in managing their money day to day. “If you...

Health, Social Care and Welfare Systems Strategy Lead Sarah Murphy shares three free ways you can help people with their money concerns in your uniquely placed role as a link worker, including the tools and guidance available to support you to make a difference to the people you assist. Before the Covid-19 pandemic, 11.5 million people had less than £100 of savings to fall...

On International Women’s Day (IWD), I wanted to share with you a blog I wrote for our people. It’s important for us all to be aware of the challenges women face around gender equality and share experiences so we can drive change and #BreakTheBias. Why are we marking International Women’s Day? It feels as though IWD has genuinely grown over the last...

Speaker: Money and Pensions Service (MaPS) chair Sir Hector Sants Just over two years ago, the Money and Pensions Service (MaPS) made its first major strategic intervention into helping people manage their money. In January 2020 we launched the UK’s first ever national Financial Wellbeing Strategy. Our UK strategy was developed with the explicit support of government. It drew upon...

MaPS is committed to ensuring the best possible outcome from the debt advice commissioning process for clients, and making sure the services we fund in England are inclusive and accessible to people with different needs and from diverse backgrounds. To support this, we undertake Equality Impact Assessments (EIAs) at an early stage of procurement so that we can understand and evaluate the...

New research reveals those with higher financial wellbeing are much more likely to be content with their lives than those earning top salaries Financial wellbeing involves feeling secure and in control, making the most of your money day to day and dealing with the unexpected16 million UK adults1 have lower financial wellbeing, meaning they are more likely to be less satisfied...

More than half of people with mental health problems feel anxious when thinking about money

Healthcare practitioners urged to support clients to access Mental Health Crisis Breathing Space from debt enforcement action

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

Financial Wellbeing Survey 2021

Media comment: Spring Statement 2022

Three ways link workers can support people with their money worries

International Women’s Day: In conversation with Caroline Siarkiewicz

Financial Inclusion Summit – 15 February 2022

Money and Pensions Service (MaPS) statement on Equality Impact Assessments for debt advice commissioning

Beat the blues by focusing on financial wellbeing

Managing money in uncertain times