Premium Bonds and the post office Horizon scandle

Millerg
Millerg Posts: 1 Newbie
Second Anniversary
edited 11 January 2024 at 1:59PM in Savings & investments
Does any have any views on how the worsening corruption of the post office will affect the safety of premium Bonds.
should I take the out asap before the the full extent of the corruption, lies and deception is revealed?

Comments

  • la531983
    la531983 Posts: 2,877 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 11 January 2024 at 11:15AM
    I mean, you know that Premium Bonds arent operated by the Royal Mail or the Post Office, dont you?

    Even if they were, no Government is going to stand by and watch them all vanish into dust.
  • JIL
    JIL Posts: 8,827 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    No connection 
  • Section62
    Section62 Posts: 9,388 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Millerg said:
    Does any have any views on how the worsening corruption of the post office will affect the safety of premium Bonds.
    should I take the out asap before the the full extent of the corruption, lies and deception is revealed?
    1) As others have already said, Premium Bonds are the responsibility of NS&I, not the Post Office.

    2) In terms of "the worsening corruption of the post office", the current media frenzy relates to things that largely happened between 1997 and circa 2015. I.e. the "corruption" isn't worsening now, there is just more media and public awareness of things that happened about a decade or more ago.  If there was some reason for concern about the Post Office's involvement in Premium Bonds then the time to take your money out was in the early 2000's.

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