pensions

Money and Pensions Service (MaPS) Chief Executive Caroline Siarkiewicz looks back at our work in 2021 and goals for the coming year. I’m sure we will all agree that 2021 has been a challenging year both for individuals and organisations. In light of those challenges, I am particularly proud of the work that we have done with our partners and...

How can the Money and Pensions Service help connect people with pensions guidance? Many people do not seek freely available financial guidance that could help them to understand and make the most of their pensions. Tailored signposting, delivered at key moments, can help to engage people with financial guidance. Our ‘Smarter Signposting’ lab pilot explored ways that financial institutions...

Speaker: Money and Pensions Service (MaPS) and The Pensions Regulator MaPS and The Pensions Regulator (TPR) held a joint virtual event on 19 November 2021, ahead of the launch of Pension Safeguarding appointments on 30 November. These appointments will be available for consumers where schemes or providers have signposted them to guidance where ‘amber flags’ have identified there may be a...

Speaker: Money and Pensions Service (MaPS) chair Sir Hector Sants The FCA, in its consultation paper published in May of this year, proposed a new consumer duty to sit above and in tandem with the current principles. It would be designed to provide an overarching standard of conduct. In the FCA’s words the duty is designed to “put firms in the customers shoes” and to ask the...

An estimated £19 billion is sitting in lost pension pots – averaging £13,000 each 10,000 people in the UK try to trace lost pensions each month but don’t know where to begin MoneyHelper’s free government-backed pensions service is your first point of call This Sunday is National Pensions...

Nick Hill, money expert at the Money and Pensions Service commented: “We know that a lot of people are worried about their finances right now and will be wondering what the measures announced in today’s Budget might mean for them. “If you think changes to the Universal Credit taper rate may apply to you, or you think you may be claiming Universal Credit in the future,...

Speaker: Money and Pensions Service (MaPS) chair Sir Hector Sants Here in the UK, by 2030, over 13 million people will be at, or beyond, the State Pension age. Many of these people will face complex decisions about how to make their Direct Contribution (DC) pensions last a lifetime. Others may find their pensions options are very limited. Some of these, sadly, may also lose...

Visits to the seaside, meals out in restaurants, gardening and entertaining at home are the top ‘simple pleasures’ Generation X want to enjoy in retirement33% want to prioritise socialising over ‘big ticket’ items and 41% of those who plan to retire have reassessed their retirement priorities in the wake of the pandemicBut 12 million Gen Xers are in the dark about how much money they will...

How can the Money and Pensions Service help connect individuals with their pensions? The Money and Pensions Service (MaPS) was tasked by government to create and run a MaPS Dashboard. This aims to help individuals to access their pensions information online, securely and all in one place, and enhances the service MaPS offers to help people with their pensions and plan their financial...

Charlotte Jackson is head of guidance services and customer protection strategy at the Money and Pensions Service. Her pensions guidance teams support those scammed on pensions and investments or who have questions and concerns about them. Charlotte also works with the Financial Conduct Authority (FCA) and others to share any insights from her teams that may protect consumers from...

2021: Looking back, looking forward

Smarter Signposting to pensions guidance

Pension safeguarding, 19 November 2021

FCA Consumer Duty Summit, 18 November 2021

MoneyHelper urges people take action for National Pensions Tracing Day

Media comment: Autumn Budget 2021

The Income in Retirement Landscape, SG Pensions Enterprise, 28 September 2021

(Later) life’s little pleasures

Pensions Dashboard user research

How MaPS can help those who have been scammed on their pensions

Coronavirus and personal finances