"The boss of state-backed banking giant NS&I has left the organisation after a 470m savings scandal involving customers who died. Former HMRC boss Sir Jim Harra will replace Dax Harkins as the chief executive of NS&I on an interim basis to provide a fresh start."
"NS&I is now launching a programme to reunite people with their cash, with up to 476 million in deposits affected. Ms Bell said NS&I had notified the Treasury of an operational failure to comprehensively trace accounts of some customers after they died."
The Independent covers significant topics like reproductive rights, climate change, and Big Tech, ensuring factual reporting. Recent events include the resignation of NS&I's CEO after a savings scandal affecting deceased customers. Sir Jim Harra will serve as interim chief executive. NS&I is launching a program to reunite customers with lost savings, with up to 476 million in deposits impacted. The pensions minister announced the operational failure in tracing accounts, highlighting the need for accountability in financial institutions.
Read at www.independent.co.uk
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