Press releases Uncategorised

Media comment: MaPS guidance for Mothercare employees

Commenting on today’s news about the future of Mothercare, Caroline Siarkiewicz, Acting Chief Executive at the Money and Pensions Service, said: “This is an incredibly difficult time for Mothercare’s employees, who will be worrying about their pay, pensions and financial security. Pensions are protected but staff are bound to have questions about what happens next. “If anyone...
4th November 2019
Press releases Uncategorised

Nudging savers towards pensions guidance: behavioural trials begin

MaPS research to help shape future rules and regulations Behavioural trials to establish the best way to persuade more people to take guidance from Pension Wise before accessing their pension savings are getting under way under the leadership of the Money and Pensions Service (MaPS). The research, being conducted by respected specialists the Behavioural Insight Team, is trying out two...
25th October 2019
Press releases Uncategorised

QuickQuid closure: Guidance for customers

Commenting on the announcement that QuickQuid will close its operations in the UK, Caroline Siarkiewicz, Acting Chief Executive at the Money and Pensions Service, said: “Many QuickQuid customers will be feeling uncertain about what this means for them. While you may be tempted to stop your repayments, it is crucial to keep to your regular schedule, because if you have entered into...
25th October 2019
Press releases Uncategorised

Parental leave, self-employment and ill-health are UK’s pensions blind spots

57% of UK adults don’t know you can access your pension early due to severe ill health56% don’t know they can contribute to a pension while on parental leave Almost two thirds don’t know self-employed can benefit from tax relief on pension savings More than half of UK adults didn’t know they can contribute to their pension while on parental leave, or that they can access their pension...
23rd October 2019
Press releases Uncategorised

New research examines benefits of workplace payroll saving on staff financial wellbeing

Two Yorkshire employers test new approaches to encourage workforce saving via credit unions Initial findings show payroll savers are more likely to regularly put money away New research funded by the Money and Pensions Service will test how saving through a workplace payroll scheme can help people improve their financial wellbeing, and ultimately encourage more employers across the UK to...
17th October 2019
Press releases Uncategorised

Queen’s Speech comment: Crucial next step towards delivering pensions dashboards

The Money and Pensions Service has been asked to take a leading role in delivering the infrastructure to support pensions dashboards – this is being taken forward by a delivery group, supported by a steering group representing the pensions sector, consumers and fintech. Commenting on today’s announcement of a Pensions Schemes Bill, which includes new powers to compel pension...
14th October 2019
Press releases Uncategorised

Pensions dashboards progress: steering group appointed to drive forward the delivery of service for savers

Money and Pensions Service announces 10 appointments to represent consumers, fintechs and the pensions sector Ten people who will work on the practicalities of establishing pensions dashboards services and making them available for use by the general public are today being named by the Money and Pensions Service. Pensions dashboards will ensure...
25th September 2019
Press releases Uncategorised

Media comment: Thomas Cook collapse – guidance for employees

Following the collapse of Thomas Cook, Jackie Spencer, Senior Policy and Propositions Manager at the Money and Pensions Service, said: “This is a difficult time for thousands of travellers but there are also thousands of Thomas Cook workers who will be very worried about their pay, pensions and overall financial security as a result of this news. Staff should check what they’re...
24th September 2019
Press releases Uncategorised

Media comment: Pensions Awareness Day 2019

Caroline Siarkiewicz, Acting Chief Executive of the Money and Pensions Service said: “We are delighted to be supporting the Pension Awareness Day campaign again this year, with our Pension Wise specialists providing free guidance at roadshows across the UK. “It’s crucial that people get to know their options when thinking about accessing their pension pots, so they can make...
9th September 2019
Press releases Uncategorised

Money and Pensions Service calls for expressions of interest for Pensions Dashboards Steering Group

Steering group to provide strategic direction for pensions dashboards developmentCandidates to come from pensions, consumer advocacy and financial services/fintech sectors The Money and Pensions Service (MaPS) is today commencing recruitment of the steering group of the pensions dashboards Industry Delivery Group, which will provide strategic direction for the development of the project,...
Back To Top