Top executives from Tesco, Nest, Barclays, Lloyds, YBS and Aviva have come together to ensure the Money and Pensions Service (MaPS) delivers its UK strategy for financial wellbeing.
MaPS is committed to providing access to the information and guidance people across the UK need, to make effective financial decisions over their lifetime.
The organisation brings together the free services previously delivered by the Money Advice Service, The Pensions Advisory Service and Pension Wise.
Unveiled by MaPS in January, the UK strategy sets out five “agendas for change” to help transform financial wellbeing across all the nations of the UK, covering credit, debt, savings, pensions and financial education. MaPS is currently developing its own three-year corporate strategy.
The organisation said the work towards these goals is ongoing, with additional time being invested in how the immediate and longer-term impacts of the COVID-19 outbreak will also need to be addressed.
The below executives have come together to form an advisory group to the MaPS board, with the purpose of providing long-term support and challenge around both the UK strategy for financial wellbeing and MaPS’s future corporate strategy.