NS&I’s £3bn IT overhaul hits another reset as Premium Bonds giant weighs cutting legacy links
Britain’s state-owned savings bank, National Savings & Investments, is exploring ways to reduce the effort needed to link its aging IT systems with new services as it attempts to revive a delayed tech overhaul, CEO Dax Harkins told the Public Accounts Committee in a letter. The project is now expected to finish “outside the March 2028 target date and outside the agreed budget.” NS&I aims to complete an options analysis by the end of March, after which ministers will decide on a revised delivery plan.
