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Media centre /
Press releaseINVESTMENTS AT NATIONAL SAVINGS AND INVESTMENTS INCREASE BY £2.12 BILLION IN 200318 December 2003Total funds invested up £4.47 billion on 2002 figure Total funds invested in National Savings and Investments (NS&I) have reached nearly £66.2 billion following record investments of £12.25 billion in the 11 months to 2003, up £2.12 billion (20.9%) on the previous year. In what has been a renaissance year for NS&I, the government-backed savings provider, total funds invested have increased for the first time since 2000. Since chief executive Alan Cook joined NS&I in September 2002, total funds invested in NS&I are up £4.47 billion (7.24%). NS&I's growth has been spearheaded by record sales of Premium Bonds, with investments in 2003 nearly doubling (up 93.7%) those in 2002* and expected to exceed £7.5 billion, an amount equivalent to 10% of the net increase in the amount the nation has saved (UK Retail Deposit Balances) over the past 12 months**. 
Other NS&I products have also attracted increased investment. Customers have invested £1.14 billion in Index-Linked Savings Certificates (ILSC) in the 11 months to November 2003, 15.8% higher than the previous year, reflecting the attraction of their tax-free and inflation beating benefits. NS&I has built on the success of its 2002 move into secure stock market linked investments. Three further Guaranteed Equity Bonds (GEB 4, 5 and 6) have been issued during the year. GEB Issue 6, launched in October, proved more popular than ever, with customers investing in excess of £100 million, bringing total GEB investments to over £500 million. John Prout, sales director at NS&I said, "Premium Bonds have proved to be NS&I's star attraction for investors this year and will continue to play a key role in our savings and investments portfolio. "Our growth in 2003 reflects the drive to increase our presence in the financial services market place. This year's success puts us firmly on track to achieve our objective of increasing invested funds by £10 billion by 2007-08." ENDS Notes to Editors
Investments January - November 2003
Total invested funds at start of December 2000 - £63.3 billion For further information, digital images and interviews with John Prout, contact the NS&I media team
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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