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1147499

registered interest
date	01/10/2019
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions: Advisory Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, how much funding was allocated to (a) the Money Advice Service, (b) the Pensions Advisory Service and (c) Pension Wise in each of the five years up to and including 2018.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	292822
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>The Money Advice Service was previously an HMT sponsored levy funded arm’s length body. When this and the other legacy bodies were merged to create the Money and Pensions Service (formerly Single Financial Guidance Body) historic budgets were transferred to the new Government sponsors - Department for Work and Pensions - as part of a Machinery of Government change. The historic amounts transferred to DWP were:</p><p> </p><table><tbody><tr><td><p><strong>2013-14</strong></p></td><td><p><strong>2014-15</strong></p></td><td><p><strong>2015-16</strong></p></td><td><p><strong>2016-17</strong></p></td><td><p><strong>2017-18</strong></p></td><td><p><strong>2018-19</strong></p></td></tr><tr><td><p><strong>£79.8m</strong></p></td><td><p><strong>£80.5m</strong></p></td><td><p><strong>£79.4m</strong></p></td><td><p><strong>£76.3m</strong></p></td><td><p><strong>£79.6m</strong></p></td><td><p><strong>£82.1m</strong></p></td></tr></tbody></table><p> </p><p>Funding for the Pension Advisory Service is contained in the Supplementary Estimates for each year hosted on the link below. The data can be found in Part III: Note E of the Department for Work and Pensions section. The Pension Advisory Service is Levy funded.</p><p><a href="https://www.gov.uk/government/collections/hmt-supplementary-estimates" target="_blank">https://www.gov.uk/government/collections/hmt-supplementary-estimates</a></p><p> </p><p>Pension Wise costs for the Period are:</p><p> </p><table><tbody><tr><td><p><strong>2013-14</strong></p></td><td><p><strong>2014-15</strong></p></td><td><p><strong>2015-16</strong></p></td><td><p><strong>2016-17</strong></p></td><td><p><strong>2017-18</strong></p></td><td><p><strong>2018-19</strong></p></td></tr><tr><td><p><strong>N/A</strong></p></td><td><p><strong>N/A*</strong></p></td><td><p><strong>£31.7m**</strong></p></td><td><p><strong>£24.4m</strong></p></td><td><p><strong>£18.1m</strong></p></td><td><p><strong>£16.9m***</strong></p></td></tr></tbody></table><p> </p><p>*Pension Wise was in set up phase in 14/15</p><p>** Pension Wise was in HMT in 15/16</p><p>*** Includes Pension Wise expenditure in DWP and Single Finance Guidance Body (now Money &amp; Pensions Service)</p><p> </p><p>Pension Wise is levy funded.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 07/10/2019 11:12:03 answering member 4142 label Biography information for Guy Opperman
tabling member	298 label Biography information for Steve McCabe

1147500

registered interest
date	01/10/2019
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Money and Pensions Service
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, how much funding the Money and Pensions Service will receive in 2019.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	292823
answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>Funding for Money and Pension Service is shown in the Central Government Supply Estimates (19/20). Page 156 shows funding of £125.6m for the Single Financial Guidance Body which was later renamed Money and Pension Service.</p><p>https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/800671/main_estimates_2019-20_web.pdf</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 07/10/2019 10:59:32 answering member 4142 label Biography information for Guy Opperman
tabling member	298 label Biography information for Steve McCabe