All Money and Pensions Service (MaPS) articles
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Features
Outlook 2025: Dawn of the Dashboards
It is almost exactly a decade since the Financial Conduct Authority first recommended the creation of a “pensions dashboard” for consumers as part of its 2014 Retirement Income Market Study.
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News
MaPS corrects potentially dangerous omission, but keeps Mum about it
The Money and Pension Service last week published an updated version of its “Your Pensions, Your Choices” guidance booklet, which is typically sent to every individual as they approach their retirement.
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News
MaPS forced into about turn on revision of pensions guide
The Money and Pension Service (MaPS) has revised a key pensions guidance document over concerns it could lead to non-UK residents facing an unexpected tax bill.
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News
DWP announcement on dashboard programme is imminent
A Department for Work and Pensions (DWP) announcement on the next stage of the delayed pension dashboards programme is expected within days.
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Opinion
We need to teach people about money, not just maths
The prime minister’s pledge to extend numeracy education in schools must address the national shortfall in financial literacy that currently gets in the way of many people saving adequately for retirement.
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News
TPR urges trustees to support DC savers amid economic challenges
The Pensions Regulator has said savers must be supported during current economic volatility amid concerns the value of some defined contribution pots has fallen.
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News
FCA bans third-party dashboard consumer charges
The Financial Conduct Authority will prohibit third parties from charging customers for services linked to pensions dashboards as part of its regulatory framework for the initiative.
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News
Regulators tell savers to ‘stay on guard’ over scams
On the go: The Pensions Regulator, the Financial Conduct Authority and the Money and Pensions Service have joined forces to warn savers against scams.
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News
Dashboards drive 26% surge in MaPS spend on pensions
On the go: The Money and Pensions Service significantly increased its expenditure on its pension streams for its year to March 31 2022, a move it said was driven by its spend on the dashboards initiative.
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News
Pension dashboards near live testing stage
On the go: The Pensions Dashboards Programme has moved into the testing of digital architecture phase, with more than 20 organisations taking part as early participants, programme principal Chris Curry has said.
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News
DWP concedes to industry demands on dashboards lead time
The Department for Work and Pensions has recognised its proposed 90 days pensions dashboards lead time “creates challenges” for schemes and administrators, and will now give providers a six-month notice before the project goes live.
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People News
Pensions industry pays tribute to Queen Elizabeth II
The pensions industry has paid tribute to Queen Elizabeth II, “an inspirational example to so many” who spent a “lifetime of dedicated service to the country and the Commonwealth”.
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Opinion
Pensions dashboards and the importance of language
At or around the time psychometric tests were invented, I took such a test run by a university lecturer.
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News
TPR warns trustees about imminent dashboards deadline
The Pensions Regulator has launched a campaign urging trustees to prepare for the pensions dashboards deadline, as new research shows that less than 10 per cent of schemes have begun to digitise the information they hold in preparation for the initiative.
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News
FCA and TPR rule out new pension saving regulations
The Financial Conduct Authority and the Pensions Regulator do not plan on introducing any new regulations to help people when saving into a pension.
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News
Maps aware living squeeze could see savers dip into their pensions
On the go: The Money and Pensions Service has said it is “mindful” of the ongoing living cost crisis and the pressure it is placing on savers’ pension pots.
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News
Majority of FTSE 100 execs overlook Opperman workplace savings appeal
Pensions minister Guy Opperman has said that more companies should offer payroll savings mechanisms to their employees.
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Opinion
Getting ready for the pensions dashboards
Although work on the design of the pensions dashboards has been ongoing for some time, trustees should now start preparing for their implementation.
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News
Scam warnings on DB transfers near record high
On the go: The number of scam warnings on defined benefit transfers is near a record high, despite a downward trend in transfer activity, XPS Pensions Group has said.
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Opinion
TPR: The Green Cross Code man
The Pensions Regulator, together with the Financial Conduct Authority and the Money and Pensions Service, has issued a warning to members of P&O’s defined benefit pension schemes.