Il tentativo di modernizzare NS&I è stato un “disastro a tutto campo”, ritengono i parlamentari

Anyone surprised , neither the PAC nor the Treasury itself could gain an accurate sounding on exactly how much had been spent on the programme to date.

The project, which launched in 2020 with the aim of replacing its long-standing IT contract with Atos and transitioning to a more flexible multi-supplier model, has been plagued by severe cost overruns and delays. 

Spiralling Costs: The estimated total cost of the modernization programme has ballooned from an initial £1.7 billion in 2020 to £3 billion as of late 2024. The committee highlighted that NS&I spent **£43 million** on consultants while lacking the internal digital and commercial skills required to manage such a complex transformation.

This is literally a solved problem that has absolutely no need of having the government involved. There’s a competitive market for investment platforms and full access to a diverse market of products.

There’s no need for the government to spend a penny on this, just migrate current savers to a similar private sector product and put up an information page about investment options.