NS&I Faces £500 Million Payout Over Missing Savings Errors
National Savings & Investment (NS&I) is facing a record payout of nearly £500 million to bereaved family members due to long-running administrative problems that led to missing savings, resulting in the replacement of the NS&I boss.
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What caused the NS&I missing savings errors and what to do if you’re affected
The state-owned savings bank owes nearly £500m to bereaved family members due to a long-running administrative problem * NS&I boss replaced as bank faces record payout over missing savings National Savings & Investment (NS&I) owes nearly £500m in missing payments to bereaved families after it emerged a long-running administrative problem had stopped them gaining access to their money. On Thursday, its chief executive, Dax Harkins, was forced out amid the scandal. Here’s what has gone wrong at...
By Shane Hickey and Zoe Wood
Read full article →NS&I boss resigns after £500m in customer savings went missing - The Times
NS&I boss resigns after £500m in customer savings went missing The Times
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