Wealth manager and platform Quilter says the ‘stronger nudge’ towards pensions guidance, introduced a year ago, has so far produced “lacklustre” results and needs to be beefed up.

Caroline Siarkiewicz will step down from her role as chief executive of the Money and Pensions Service (MAPS) in January 2024.

Sara Weller, a former joint MD of Sainsbury’s, has been appointed the new chair of the Money and Pensions Service, the government-funded consumer personal finance guidance service.

The CEO of Barclays UK, Matt Hammerstein, has become the new chairman of the Money and Pensions Service’s Advisory Group, taking over from Vim Maru, who steps down after two years in the role.