Money and Pensions Service

Today marks the start of National Older Workers Week. Join some of our pension specialists tomorrow and discover what working beyond 65 might mean for employee pensions. Our specialists will also discuss what other considerations might need to be made and take any questions you may have. 📅Tuesday 26 November 🕑11:00 - 12:00 🔗https://ow.ly/tUYJ50UeHIA #NOWW2

We have published our 2023/24 Annual Report and Accounts, demonstrating a strong financial performance and exceeding each Key Performance Indicator. Our CEO, Oliver Morley CBE, reflects on our work in 2023/24, and how we’re delivering services to the public across our five priority areas. https://ow.ly/WsF250UbSui

🎬 | Our research shows that in 2023, more than 8 million people across the UK needed #DebtAdvice. However, our research has also found that many people do not seek help due to feeling overwhelmed, embarrassed and worried about the consequences of speaking to a debt adviser. As part of this year’s #TalkMoney Week, we worked with three debt advisers to highlight the benefits and importance of getting help for debt. Find out more and hear how debt advisers Tom, Ioana and Ruby provide a supportive, non-judgemental environment for people to get the help they need with their finances: https://lnkd.in/eyqktwXj

According to our recent research, one in three working 18 to 25-year-olds have never contributed to a workplace or private pension. Our study also found that milestone planning was the top savings priority for young people, with half of 18 to 25-year-olds (51%) saying that they are saving to buy a property, get married, or saving for similar life events. Discover the different ways you can help your employees to build up their pension and plan for key life stages with our free and impartial resources: https://ow.ly/lbwn50UaJfi

Thank you for the coverage, Peterborough Telegraph. Personal finance is a huge issue for so many people in our communities, so it was a pleasure to host representatives of the Money and Pensions Service. https://lnkd.in/eHPQbHjQ

New Nest Insight #RealAccounts research, part-funded by MaPS, examines the effect that income volatility can have on UK households. The report highlights the economic and mental burdens that disproportionately impact people and households with irregular or unpredictable incomes. It also suggests ways that policymakers, employers, and designers of financial services and products can help reduce these burdens. Learn more and download the report: https://ow.ly/B9M250Ua1kV

🎙 | You can catch our Regional Partnership Manager for North West England, James K., speaking to Simone Riley on BBC Radio Manchester between 1:28:45 and 1:53:45 👇 https://lnkd.in/eRjMz4tU

In October 2022, our £1.1 million grant programme supported six #FinancialEducation organisations to expand the training and support available for teachers and practitioners working with children and young people in vulnerable circumstances. A recent evaluation of our grant programme found that: ➡️ flexible and adaptable teaching resources help motivate teachers and practitioners to deliver financial education ➡️ engaging children and young people in the co-production of resources helps to create relevant and engaging content ➡️ financial education training results in positive outcomes for teachers, school leaders and practitioners Find out more about the project and download our evaluation report: https://lnkd.in/dEmpVq5i

On Wednesday we held our third annual Personal Financial Wellbeing Research Conference #PFWConf24, co-organised again with the Money and Pensions Service. As in previous years, the day was built around three different panels of experts, reflecting examples of the three themes of our work as a Centre: On “creating financial resilience”, our first panel drew first-hand experience from those in leadership positions of Age UK and Citizens Advice charities who are working tirelessly on poverty alleviation at local levels amidst the huge challenges this implies in late 2024. This was followed with an update from our project team on the toolkit we are developing, and currently testing, to support councils and their third and voluntary sector partners take their collaborative efforts in this area even further forward.   On “establishing effective ‘everyday finance’ approaches”, we had a panel of fraud experts from two renowned law firms @Tenet and Cornerstone Barristers as well as the Head of Fraud Advisory Panel to share their experience in counter fraud activities. The session reminded us all how complex this area is, and how challenging supporting victims is in practice. Our panel after lunch gathered household finance experts to explore the debt and credit stories we have seen emerging from our work with Nest Insight and Yunus Centre GCU colleagues – the ground breaking financial diaries project Real Accounts, with a dedicated Real Accounts zone outside the theatre to showcase different stories we’ve gathered in the past year on British households with irregular income.   On “understanding the underlying principles of personal financial wellbeing”, we enjoyed a range of posters submitted this year from partners and colleagues, covering a range of significant topics such as “The impacts of poor financial health on behaviour and decision-making”, “Cancer costs – exploring the financial wellbeing impact of cancer diagnosis among young cancer patients and their families” and “Normalizing individual responsibility? A gendered study of retirement planning in a financialised system”.  The day is fully recorded and will be available on our event page and Youtube channel. Please take a look of what we are doing currently, and get in touch to let us know how we can work together: https://lnkd.in/efUwtXhh We hope to see you (again) at one of our future events. As an interdisciplinary research centre, we believe the sharing of ideas and challenges faced will make sure we all stay focused on the most important and timely issues in bringing rigorous academic research to bear on the complex challenges of improving personal financial wellbeing, and that an interesting conversation will always be the beginning of an impactful and truly relevant research project. :) Andy Annie Clare Omid Rasha Kirthi Matthew Andrew Hayley Anne Paul Adele Peter Russell Dawn Ruth Lin Dixon Mihaela Aston University Aston Business School

We’re incredibly proud of our Money Adviser, Ioana Apetroaei, who represented Citizens Advice Bedford this Talk Money Week! 🎉 Ioana took part in a powerful video with the Money and Pensions Service (MaPS) to spread the message that seeking help with debt is a step forward, not something to worry about. Watch the video to see Ioana and learn why getting debt advice can be life-changing. Thank you, Ioana, for helping make a difference this Talk Money Week! 👏 #TalkMoney #DebtAdvice #CitizensAdvice https://lnkd.in/e8ECa8wZ https://lnkd.in/ew9Qbb6q https://lnkd.in/exGvVuDa...