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Money & Pensions Service sets out 10-year plan to improve UK financial wellbeing

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Published on: 21 January 2020

Published by LNB News

LNB News 21/01/2020

Document Information

Issue Date: 21 January 2020

Published Date: 21 January 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Money & Pensions Service (MaPS) has published its UK Strategy for Financial Wellbeing 2020–2030, containing five ‘ambitious changes to help people make the most of their money and pensions’. It sets out the views of the MaPS board about what it will take to significantly improve financial wellbeing in the UK, saying that while financial wellbeing is good for individuals, communities, business, and the economy, poor financial wellbeing affects tens of millions of people and is holding the UK back. Alongside the MaPS announcement, the Building Societies Association (BSA) has also announced plans to boost the number of UK employees saving directly from their salaries.

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