 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
 |
Media centre /
Press releaseNEW DISTRIBUTION PARTNERS SOUGHT BY NATIONAL SAVINGS AND INVESTMENTS 13 October 2004National Savings and Investments (NS&I), the Treasury-backed savings provider, is seeking to develop new partnerships with selected organisations – high street stores or banks, supermarkets, petrol retailers, membership associations or any other well known organisations – and has said it is interested in discussing a variety of ideas, which could include co-branding, co-marketing and various distribution initiatives. NS&I is an Executive Agency of the Chancellor of the Exchequer and the only government agency to provide savings and investment products in the retail market. NS&I is the only financial services provider to offer customers a 100% capital guarantee on their savings and investments, backed by HM Treasury, and its range includes Premium Bonds, tax-free Savings Certificates and Children’s Bonus Bonds. The move is part of NS&I’s business strategy to improve services and access for customers and is a feature of its medium-term business strategy to raise an extra £15 billion net financing for government by the end of the financial year 2007-08. In the financial year 2003-04, NS&I’s gross sales were £12.7 billion, which included Premium Bond sales of £7.49 billion and total investments reached a record £66.5 billion and NS&I raised £3.4 billion net financing. The opportunity to partner with NS&I offers considerable mutual benefits, says Jim Hilliard, head of distribution partnerships at NS&I: “We’re looking for a company which can be a true partner and share the risks and the rewards equally with us. The relationship could include joint marketing and co-branding on products and services, both for literature and on the web. “We haven’t specified what type of business we want to team up with or what the partnership might entail – we are starting with a blank sheet of paper and we want companies to come to us with their ideas. “We are not just looking for an outlet to distribute our literature – it will be something completely new.” Becoming a partner Interested organisations should contact NS&I for more information and expressions of interest – which can be as simple as an e-mail or letter in the first instance – must be submitted by 1 November 2004. Hilliard continues: “The great thing about this is that we’re not asking prospective partners to tender for a specific job – we’re in the fortunate position of being able to develop bespoke arrangements.” About NS&I National Savings and Investments (NS&I) dates back to 1861, when the British government set up the Post Office Savings Bank to encourage people to save in a straightforward, accessible and secure way. Now it is one of the largest savings and investments providers in the UK, with around 30 million customers and funds invested of over £66 billion. Get in touch For an informal discussion, contact Jim Hilliard at NS&I on 020 7348 9318 or e-mail jim.hilliard@nsandi.com. More information on NS&I is at www.nsandi.com. Full details of the opportunity are in the Negotiated Procedure Notice in the Official Journal of the European Union (OJEU), August 2004. ENDS
Notes to editors NS&I is the exclusive sponsor of IX Investor 04, a one-day exhibition at London Olympia on Saturday 23 October, designed to help private investors get the best return on their investments. More information at www.ix-expo.com. For further information, digital images or interviews, contact the NS&I media team. NS&I media team
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
|
|
Search |
||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
 |
|
|
||||||||||||||||||||||||||||||
