News•Mar 28, 2026
Weekend Reading: National Scandal
National Savings & Investments (NS&I) announced the resignation of chief executive Dax Harkins after a high‑profile bereavement‑claim scandal. Administrative errors delayed payouts for families, affecting premium bonds worth up to £476 million (≈$595 million). Around 24 million customers hold roughly £240 billion (≈$300 billion) in NS&I accounts, making the incident a significant reputational risk for the government‑backed institution. The fallout underscores the heightened scrutiny NS&I faces compared with private banks.
