View more on these topics

NS&I tracing service recovers 25m

National Savings & Investments has traced 25m of lost savings since launching four years ago through its free tracing service.

Last year 10,000 investors applied to the service finding an average of 1,025 in lost or forgotten savings. Premium bonds still have over 400,000 prizes worth more than 25m remaining unclaimed. Over a third of the 25m traced so far is in premium bonds while a further 8.9m is in savings certificates.

The main reason for people losing touch with their savings is moving home and forgetting to give a forwarding address. The tracing service has now traced money for people living in Austraia, Thailand, Canada, the USA and Italy.

NS&I head of sales Paul Knight says: “Many people are just walking away from their money when they move home.”


Constant companion

Constant proportion portfolio insurance has become a popular mech-anism for providing capital-protected products over recent years. Prior to that, the retail market tended to rely on the cash and call option model which has been used extensively in both fixed-term and open-ended products. Perhaps the most recognised prov-ider of cash and call funds is Close […]

CII won’t give compensation after exam papers are lost

The Chartered Insurance Institute is refusing to compensate advisers whose exam papers were lost last month although it acknowledges that some may lose earnings as a result. Around 300 papers went missing from a Birmingham test centre on October 17 and failed to turn up by the CII’s November 11 deadline. The CII promises to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm