Money and Pensions Service

Money and Pensions Service
PredecessorMoney Advice Service, Pensions Advisory Service, Pension Wise
Founded2019
Location
  • London
Area served
United Kingdom
ServicesDebt advice and support
Websitewww.moneyandpensionsservice.org.uk

The Money and Pensions Service (sometimes stylised as Money & Pensions Service or MaPS) is a British organisation whose statutory objective is to develop and co-ordinate a national strategy to improve people's financial capabilities.[1][2] The service provides impartial, free money and pensions guidance directly to consumers online and by telephone. Through partnerships, it also provides debt advice and pensions freedoms guidance to consumers, along with offering organisations such as employers syndicated money guidance content from its website.

The organisation was set up by the UK Government and is paid for by a statutory levy on the financial services industry.[3] It is an arm's-length body of the Department for Work and Pensions.[4][5]

MaPS is the largest funder of debt advice in England.

The service's chair is Sir Hector Sants.[6] In January 2020, Caroline Siarkiewicz was appointed as CEO.[7]

  1. ^ Glen, John (19 June 2019). Breathing Space Scheme (Speech). House of Commons: They Work For You. Retrieved 21 June 2019.
  2. ^ "New five-year strategy to greater target those most in need of debt advice". Money Advice Service.
  3. ^ Addison, Rachel (10 April 2019). "Industry to pay £36.9m for pension guidance". FT Adviser. Retrieved 21 June 2019.
  4. ^ "Who we are". Money and Pensions Service.
  5. ^ Simon, Emma (4 March 2019). "SFGB rebranded 'Money and Pensions Service'". Corporate Adviser. Retrieved 3 July 2019.
  6. ^ Hosking, Patrick (20 May 2019). "Hector Sants on mission to cure financial misery". The Times. Retrieved 29 May 2019.
  7. ^ "MaPS confirms Siarkiewicz as permanent CEO".