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UK savers walking away from £11.4bn a year says NS&I

People who have moved home in the last 12 months have potentially lost touch with an average of £16,000 in savings or investments according to National Savings & Investments.

The Treasury-backed provider says one in seven people who changed addresses in the last year didn&#39t tell their financial provider their new address and have lost access to their savings as a result.

The problem is resulting in £11.4bn being neglected each year by UK consumers walking away from their savings.

NS&I commercial director Gill Cattanach says: “It is remarkable that people continue to forget to give their financial provider their new address when they move home and it is of great concern that, potentially, they could be losing touch with so much money.”

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