💨 Abstract
The National Savings & Investment (NS&I) chief executive, Dax Harkins, resigned after it was revealed that nearly £500 million in Premium Bonds deposits and prize money were lost, affecting around 37,500 bereaved families. The issue stemmed from operational failures in tracing withheld assets. Pensions Minister Torsten Bell assured that the problem has been addressed and affected customers will receive compensation.
Courtesy: Jessica Lindsay