Money and Pensions Service

Treasury written question – answered on 28th October 2021.

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Photo of Jonathan Reynolds Jonathan Reynolds Shadow Secretary of State for Work and Pensions

To ask the Chancellor of the Exchequer, how many bids were received by the Money and Pensions Service during their recent tendering process for regional debt advice services.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Money and Pension Service’s (MaPS) tendering process is an important step towards a more resilient debt advice sector and will drive better quality of advice and customer outcomes over the longer term. Information on the number of bids received as part of MaPS’ procurement process for regional debt advice is commercially sensitive while that process is still ongoing, with it being set to conclude early in 2022.

However, MaPS has confirmed they have received sufficient bids to enable competition between bidders in the regional lot and therefore remain confident that the thorough procurement process will lead to a successful outcome in each region to enable strong support for people experiencing debt problems.

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