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The Pensions Advisory Service
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] HistoryIn 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] References
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