IMMEDIATE RELEASE

Money and Mental Health responds to new Money and Pensions Service strategy

21 January 2020

The Money and Pensions Service — the government’s body to promote better financial guidance and information — has today published a new decade-long strategy to transform the country’s financial wellbeing. 

This includes a particular focus on how mental health affects people’s financial situation, and a target to ensure that two million more people are able to access debt advice by 2030.

In response, Helen Undy, Chief Executive of the Money and Mental Health Policy Institute, said:

“People with mental health problems are more than three times as likely to be in debt, debt which in turn can devastate our mental health. We’ve long called for mental health health to be central to efforts to improve the nation’s financial wellbeing, and we’re delighted to see the new strategy reflect that today.

“We also welcome the pledge to help two million more people access debt support by 2030, which should hopefully ensure that more people affected by money and mental health problems can get the support they need.”

ENDS

Contact:

For more information or to set up an interview, please contact Brian Semple, Head of External Affairs at Money and Mental Health, on 07935 216 804 or [email protected] 

Notes to Editors

About the Money and Mental Health Policy Institute

The Money and Mental Health Policy Institute is an independent charity set up by Martin Lewis, and committed to breaking the link between financial difficulty and mental health problems. We conduct research, develop practical policy solutions and work in partnership with both those providing services and those using them to find what really works.

Helen Undy is a passionate mental health campaigner and became the Institute’s Chief Executive in 2018, having previously led the Institute’s impact and communications work.