| Successor | Money and Pensions Service |
|---|---|
| Founded | 1983 |
| Founder | UK Government |
| Dissolved | April 6, 2019 |
| Type | Non-departmental public body |
| Location | |
Area served | United Kingdom |
| Services | Pension advice and support |
Official languages | English and Welsh |
| Owner | UK Government through Department for Work and Pensions |
| Revenue | Grant added by UK Department for Work and Pensions |
| Website | www |
The Pensions Advisory Service (TPAS) was a British government body that provided free information, advice and guidance on state, company and individual pension schemes. Additionally they helped any member of the public who had a problem, complaint or dispute with their occupational or private pension arrangement. [1] [2] It was merged in 2019 to create its successor the Money and Pensions Service.
While it was operating it structured as a non-departmental public body and independent non-profit company limited by guarantee in the United Kingdom. [3] It was funded by receiving grants from Department for Work and Pensions. [2]
The service was provided by a nationwide network of volunteer advisers with the required knowledge and experience who were supported and augmented by a technical and administrative staff based in London. [2]
In January 2019 the UK government launched the Money and Pensions Service, combining the Money Advice Service, the Pensions Advisory Service and Pension Wise to form a single financial guidance body. [4] 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. [5] [6]
In March 2021, MaPS announced that it would be consolidating its three legacy consumer brands into one brand called MoneyHelper, to provide a better and enhanced consumer experience and a single source of information and guidance. [7]