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£784 million net financing to government in 2002-03 and plans to increase funds by an extra £10 billion by 2007-08

The Chancellor of the Exchequer has appointed two new Non-executive Directors to the Board of National Savings and Investments (NS&I), the government backed savings and investments provider.

John Prout has been appointed Sales Director of NS&I, and took up his position on Monday 4 August. It is the first time NS&I has had a separate Sales Director, and John will also be a member of the NS&I Board.

Investors gain if stock market rises or falls with new 75% participation or 15% minimum return GEB from National Savings and Investments

More than £300 million has been invested by customers in NS&I Guaranteed Equity Bonds since they were first launched in 2002.

The Finance Bill 2003 published today (16 April 2003) includes a number of provisions which will help NS&I to continue to modernise by allowing it greater freedom to meet the demands of UK savers and investors.

NS&I, the government-backed savings and investments provider, has become one of the latest subscribers to the new version of the Banking Code — the voluntary code of practice designed to set standards for personal finance providers and help protect customers — which comes into force on 1 March 2003.

A brand new online service to help consumers find their local independent financial adviser (IFA) has been launched by NS&I, the government-backed savings and investments provider.

National Savings & Investments (NS&I) the government-backed savings provider, has launched a Welsh language version of its enhanced website at www.nsandi.com. The website can be accessed by clicking on 'Cymraeg' on the homepage.

Alan Cook is to take up his appointment as Chief Executive of NS&I today, Monday 30 September.