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Article: NS&I wants to provide advice for Premium Bond winners.
- Article from:
- Financial Advisor
- Article date:
- November 1, 2007
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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State-owned savings agency National Savings & Investments has announced it is re-tendering for the IFA service offered to its Premium Bond jackpot winners.
Premium Bonds is a savings product that offers tax-free prizes, with two monthly AGBP1m jackpots.
To enable the winners of the prizes to obtain maximum benefit from their win, NS&I offers them access to an independent financial advisory service.
NS&I has begun the re-tendering process for this service by placing an advert in the Official Journal of the European Union, after Close Brothers' three-year contract for the service came to an end.
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