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During Talk Money Week 2018, our CEO, Ian Ackerley, reflects on why talking about money is important and can help us improve our finances and reduce stresses associated with money worries.

This October’s jackpot winner from Dorset may have held nearly £20,000 in Premium Bonds, but the winning number came from a £25 reinvested prize won in October 2010.

At NS&I we have a strong heritage and legacy, built up over more than 150 years. While our legacy includes a strong and much-loved brand, and 25 million customers, it also includes paper-based processes and IT systems developed in a time before digital as we now know it.

One jackpot winner has had Premium Bonds since they were a child, as NS&I will make gifting to children more accessible NS&I also reduces minimum investment to £25 by end of March 2019 Premium Bonds pay out more than £90 million worth of prizes in a month for the first time in ten years Trick or treating may be over, but two lucky Premium Bonds holders have had one more visitor knocking at their door.

As confirmed in today’s Autumn Budget (29 October 2018), NS&I has announced several future enhancements to Premium Bonds, which will encourage a stronger savings habit and boost the opportunity for young people to save.

Today’s Autumn Budget has confirmed that NS&I’s Net Financing target for 2018-19 has been revised to £9 billion (in a range of £3 billion either side of this, from £6 billion to £12 billion). NS&I’s original target for 2018-19 was £6 billion (in a range of £3 billion either side of this, from £3 billion to £9 billion).

Customers will continue to benefit from inflation beating returns, tax-free interest and the 100% security that comes with NS&I products. From 1 May 2019, existing holders of Index-linked Savings Certificates who renew into a new term will receive index-linking based on the Consumer Prices Index (CPI) measure of inflation, rather than the Retail Prices Index (RPI).

While losing money is common, with those prone to misplacing things often finding spare change in pockets (66%), bags (37%) and drawers/cupboards (34%), new research from NS&I reveals that 14% of Britons (7 million people) think they may have lost track of a financial product.

NS&I has appointed three new agency contracts for their marketing communications work, for an initial period of one year and up to four years in total.

Summer travels may be over, however NS&I’s Agents Million continue their tours, spreading news of £1 million jackpot wins to two lucky Premium Bond holders in London and Dorset.