Industry calls on Maps to do more to lead industry cooperation
The government’s Money and Pensions Service (Maps) needs to build further on plans announced last week to spearhead industry cooperation initiatives, PP readers say.
The body admitted it had "a critical role to play" in the economy's recovery from coronavirus on 16 June as it unveiled a 10-year corporate plan outlining its long-term key initiatives.
Maps said it would create a "movement of organisations" over the 12 months to build on collaboration already undertaken in advance of the release of its January wellbeing strategy; this would include leadership of sector-wide initiatives focused on advancing the quality of guidance services, it added.
Respondents to a PP Pensions Buzz poll last week say a stronger stance is still needed however, including Maps assuming a stronger motivational position across the industry.
A total of 47% said Maps needed to outline more plans, while just 8% said it did not.
One respondent said the body risked becoming "another irrelevant quango" if it did not increase the reach of its plans, while another said the detail of the scope of its self-set remit would emerge from challenge groups.
Another respondent said they remained "unconvinced" that spearheading initiatives was "a Maps job" however.
Chief executive Caroline Siarkiewicz - who began her role in January - said the importance of transforming wellbeing across the industry had been "forcefully brought home" by the impact of Covid-19.
She added: "Our strategy sets deliberately ambitious goals. We have a long-term vision; in these uncertain times Maps has a critical role to play enabling everyone to make the most of their money and pensions."
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