NS&I to Compensate Millions of Customers After Savings Errors

National Savings and Investments (NS&I), one of the UK’s most trusted savings institutions, is set to make one of the largest customer repayments in its history following errors in managing client funds. The organization will pay out hundreds of millions of pounds to an estimated 37,000 savers after administrative mistakes left some individuals without money they were legally owed. The mistakes, which occurred over several years, include cases where premium bond prizes were not paid to fami…