The government consultation has now ended on merging three of its current pension advice services:
- The Pensions Advisory Service
- The Money Advice Service
- Pension Wise
Merging the three organisations aims to reduce duplication between the services and to bring together expertise across all financial areas for the benefit of those using the service.
MAPS will provide:
- pensions guidance to members of the public
- debt advice and information to members of the public (England only)
- money guidance, designed to enhance people's understanding and knowledge of financial matters
- financial education to children and younger people
You can access the MAPS website at www.moneyandpensionsservice.org.uk
The MAPS is still currently in transition and will hope to launch its national strategy in early 2020 so keep an eye out for more information.
In the meantime, members can still use all three services separately and free of charge.