The newly launched Money and Pensions Service has called on organisations throughout the UK to get involved in the development of the organisation’s strategy to improve the nation’s financial wellbeing.

The new single financial guidance body, which will bring together three consumer advice organisations, is to be called the Money and Pensions Service (MAPS).

The Association of British Insurers (ABI) has launched a beta version of an online calculator, which works out consumers’ likely financial entitlements if they are unable to work due to illness or injury.

The Single Financial Guidance Body (SFGB) began its work this week as it starts to take over from previous bodies.