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Premium Bonds withdrawn from Post Offices

NS&I have announced that, in future, Post Offices will no longer be permitted to sell premium bonds. This is a strategic, management decision to take all NS&I products away from Post Offices, forcing customers to go online, use the telephone or write a letter.
Whatever happened to all those promises? The wonderful rhetoric about Post Offices being the 'front face of government'? This is just yet another example of the gradual erosion of the Post Office network by systematically removing all "governmental" services. The strategy is all wrong - we have an aging society. In 20 years' time, all those 'baby-boomers' will have forgotten their passwords, so can't access the internet; they will be half-deaf, so they can't use the phone and the art of writing a letter will be a complete novelty. All over the country, Post Offices provide an essential social service, supporting their local population, but they will disappear if government agencies persist with this trend.
There are 23 million Premium Bond customers. Refuse to buy any more Bonds unless they can be purchased from your local post office. There is a free-phone telephone number at NS&I - 0500 007 007 Complain now to NS&I and/or to your MP. This decision should be reversed.

Comments

  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    In 20 years' time, all those 'baby-boomers' will have forgotten their passwords, so can't access the internet

    Oh, speak for yourself. The day I can't remember my passwords is the day I should not be allowed to make my own investment decisions anyway. We have an aging society, not an infantilising society.

    It's hardly a human rights violation to not be able to buy a rubbish investment that probably won't even pay you anything anyway.
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