Money and Pensions Service


The Money and Pensions Service is an organisation whose statutory objective is to develop and co-ordinate a national strategy to improve people’s financial capabilities. The service provides free money guidance and debt advice online and by telephone.
The organisation was set up by the UK Government and is paid for by a statutory levy on the financial services industry. It is an arm’s-length body of the Department for Work and Pensions.
The service's chair is Hector Sants. the acting CEO is Caroline Siarkiewicz.

History

The service was launched in January 2019, combining the Money Advice Service, The Pensions Advisory Service and Pension Wise to form a single guidance body. The decision to merge the organisations into one body was originally announced in March 2016 by HM Treasury and confirmed in the Queen’s Speech of June 2017.