The Money and Pensions Service’s (MaPS) mission is to help people – particularly those most in need – to improve their financial wellbeing and build a better, more confident future. Working collaboratively across the UK, we make sure customers can access high-quality money and pensions guidance and debt advice throughout their lives, how and when they need it.
MaPS is an arm’s-length body, sponsored by the Department for Work and Pensions (DWP).
DWP is seeking one Non-Executive Director (NED) to support the Executives to deliver MaPS’ strategy and business plan. DWP is looking for candidates with direct experience of working with vulnerable customers or those most in need. Prior experience of being a Non-Executive Director is not essential.
Sara Weller, CBE, Chair of MaPS
Thank you your interest in joining the Board of MaPS. MaPS is a great organisation, working to secure a better financial future for people across the UK, particularly those most in need.
MaPS is respected by partners, and those who use our services show high levels of satisfaction. But we can be better, and must continuously improve the support we provide, as circumstances change.
For this appointment, we are looking for a new Board member who brings experience of working in organisations or roles that bring them close to the customers we serve, and who can help us ensure we hear our customers’ voice, and are responding to changes in their needs.
As a member of the MaPS Board, you will contribute your experience, expertise and customer understanding as MaPS embarks on delivering its 2025-2028 strategy.
You don’t need to have been a Non-Executive Director on a Board before, as, if successful, we will give you the support you need to settle into the role.
MaPS’ services are needed now more than ever, and we have stretching plans to help millions of people get the support they need to build a better financial future.
If you believe you can help us make this happen, then please apply – I look forward to hearing from you.
Peter Schofield, DWP Permanent Secretary
I want DWP and our arm’s-length bodies to be places where everyone, whatever their background, feels encouraged to achieve their potential. I believe attracting talented individuals from diverse backgrounds, including regional diversity and the full range of socio- economic groups, will allow us to be better able to provide the best possible support to those we serve.
DWP continues to support Cabinet Office in working towards 50% of all public appointees to be female and 14% of all public appointments to come from ethnic minority backgrounds. We value diversity and inclusion and actively encourage and welcome applications from everyone.
If you are looking for an opportunity to use your talents to make a difference to the lives of millions of your fellow citizens, we look forward to hearing from you.
MaPS is an executive non-departmental public body, sponsored by the Department for Work and Pensions (DWP), funded by levies on both the financial services industry and pension schemes.
The work of MaPS covers five core functions, as set out in the Financial Guidance and Claims Act (2018). These are:
•Pensions Guidance – providing support and guidance to consumers on UK workplace and personal pension matters
•Debt Advice – the biggest funder of free information and advice on debt in England. We are driving up the quality of debt advice and providing training and support to advisers on the ground across the UK
•Money Guidance – enhancing millions of people’s knowledge and understanding of financial matters – targeting those potentially vulnerable or most in need – as well as helping their day-to-day money management skills through free, impartial money guidance
•Consumer Protection – working with government and regulators to protect consumers against financial scams and support the efforts of the wider financial services industry
•Strategy – we have been working to a UK Strategy for Financial Wellbeing that was set in 2020 as a framework for how we will work with organisations in different sectors, across our nations, and to make a measurable difference to UK money management.
We also have a specific mandate from government to facilitate the pensions industry to develop pensions dashboards. This programme of work will allow individuals to access their pensions information online, securely and all in one place, supporting better planning for retirement.
We are currently preparing our next Corporate strategy which will run from Spring 2025 to Spring 2028.
•The MaPS Board supports the Chief Executive Officer (CEO) as Accounting Officer in agreeing the MaPS corporate strategy and one-year corporate plan and funding plan, which is then agreed with Ministers via DWP.
•The Board establishes a clear control framework to support the effective management of performance against external risk and delivery standards, supported by delegations of authority, clear business processes, policies and procedures.
•The MaPS Board has undergone a substantial refresh in the past two years, with a new Chair (March 2023), a new CEO (February 2024), and a substantially new team of Executive and Non-Executive Directors, appointed in 2022-2024.
•Additionally, MaPS completed a significant move of location, from London to Bedford, to new offices, fully designed to meet the needs of hybrid working.
•Joining MaPS now offers an opportunity to be involved from the beginning as we craft our strategic plans for 2025-2028. An immediate and critical task will be to support the new executive team in successfully executing this year’s plan, a key milestone in our journey.
•In line with the vision of the new government, the role provides the opportunity to focus on financial inclusion, with a drive to ensure financial products and services are accessible and affordable, helping to shield individuals from financial hardship.
•MaPS is responsible for delivering the UK’s Pensions Dashboard Programme for October 2026. This brings together 000s of Pension providers’ data, and will allow everyone to access information about all their pensions in one place. MaPS is also developing its own ‘front-end’ Dashboard to help people make better decisions about planning for financial security in later life.
•The organisation is also at an important phase in the debt commissioning process following a recent consultation on MaPS approach to debt advice up to 2028. The consultation response will be published later this year which will outline the organisation’s remit in relation to debt advice, and its role in working with the wider debt sector on key issues and challenges.
•Additionally, the organisation is undergoing a significant review of our Guidance Services, which will include the implementation of a new delivery model for MaPS Money and Pensions Guidance Services.
This is an extraordinary time to become a part of MaPS, as we embark on these transformative initiatives, and we welcome applications from anyone who believes they can make a substantial contribution to helping people, particularly those most in need, to make the most of their money and pensions.
The Board currently consists of the Chair, six Non-Executive Directors and three Executive Directors [CEO, CFO and Customer Delivery Executive Director]. The Board has 4 other standing Committees chaired by Non-Executives: Audit, Risk and Assurance; Remuneration & People and Nominations.
The Board currently meets 7 times a year, usually in person, primarily in the Bedford main office and occasionally at other offsite locations. Attendance at Board meetings may involve a Board dinner before the Board, and an overnight stay. The Board may also convene, between its meetings, for training, business briefings or to handle other Board business which is usually online via Teams.
Board members may be involved in visiting MaPS operations in our partner Devolved Governments in Scotland, Wales, and Northern Ireland, visiting outsource providers across the country or join our regional managers on visits across England to meet with regional stakeholders.
As a Non-Executive Director at MaPS, you will:
•share responsibility as part of the Board to oversee the effective and efficient delivery of the organisation’s strategy and business plan;
•use your expertise to engage directly with the Chief Executive, Executive Directors, and other staff as required, to assist in the delivery of the organisation’s strategic objectives;
•where appropriate, represent MaPS externally, and help it build relationships with key stakeholders;
•ensure MaPS adheres to its legal, regulatory, and statutory obligations. Including adherence to the principles of managing public money;
•promote equality, diversity and inclusion in the treatment of colleagues, partners and customers; and
•demonstrate a commitment to the Seven Principles of Public Life (Annex1).
Non-Executive Directors will each participate in Board sub-committees. Current Board sub-committees are:
•Audit, Risk and Assurance Committee
•Nominations Committee
•Remuneration and People Committee