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).
1 in 3 Britons are unaware of how to trace a lost financial product, as NS&I reveals 7 million people admit to losing track of their finances
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.
NS&I’s latest edition of its Financial Advice Barometer indicates that while security remains the top priority for advisers’ clients (55%), there has been a drop of 10 percentage points, from 14% in January 2018 to 4% in April 2018, in those citing income (regular and consistent returns) as the most important priority.
Two lucky Premium Bonds holders, from Essex and Northamptonshire respectively, have scooped September’s top prizes toasting the end of summer with a £1 million tax-free prize. The pair become the 393rd and 394th Premium Bond holders to scoop the jackpot since the £1 million prize was introduced.
Capital gains: A look back at Agent Million’s trips to the big city --> The 49th and 50th Premium Bonds jackpot winners from London were announced in August 2018 – the first time that the capital had been home to both top prizes in a single month. There were a number of other statistics that caught our eye, so here’s an overview of some interesting numbers from the last 24 years of jackpot joy for the capital.