What is the NS&I scandal?

The NS&I scandal refers to the error made by the National Savings and Investments (NS&I) in identifying all of the products held by a customer before they died. This error led to thousands of bereaved families being left without access to their loved ones' money.

How many people have been affected by the NS&I scandal?

According to NS&I, the estates of 34,000 deceased people have been affected by the scandal, with bereavement claims totaling £367m.

What is NS&I doing to resolve the scandal?

NS&I has apologized for the error and has brought in additional staff to get the service back on track. The bank will contact all affected estates in the coming weeks to reunite them with the full value of their holdings.

How long will it take for NS&I to pay out the affected holdings?

NS&I has said that the funds will start to be paid out in the coming months and should all be paid out in the first half of next year.

Will I be able to claim back any costs I have incurred as a result of the scandal?

Yes, NS&I has said that affected families, beneficiaries, and executors will be given details of the process for requesting reimbursement of reasonable legal costs caused by the delay in accessing the funds.

What is the NS&I scandal?

The NS&I scandal refers to the error made by the National Savings and Investments (NS&I) in identifying all of the products held by a customer before they died. This error led to thousands of bereaved families being left without access to their loved ones' money.

How many people have been affected by the NS&I scandal?

According to NS&I, the estates of 34,000 deceased people have been affected by the scandal, with bereavement claims totaling £367m.

What is NS&I doing to resolve the scandal?

NS&I has apologized for the error and has brought in additional staff to get the service back on track. The bank will contact all affected estates in the coming weeks to reunite them with the full value of their holdings.

How long will it take for NS&I to pay out the affected holdings?

NS&I has said that the funds will start to be paid out in the coming months and should all be paid out in the first half of next year.

Will I be able to claim back any costs I have incurred as a result of the scandal?

Yes, NS&I has said that affected families, beneficiaries, and executors will be given details of the process for requesting reimbursement of reasonable legal costs caused by the delay in accessing the funds.

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NS&I Scandal: What It Really Means for Bereaved Families

#ns&i scandal#bereavement claims#national savings and investments#lost funds#uk finance#uk

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