£100m of premium bond prizes remain unclaimed

Over £100 million of premium bond prizes are currently unclaimed, with 2.5 million prizes waiting to be collected, including 11 £100,000 prizes. Critics argue that the government-owned operator of the scheme, NS&I, needs to do more to help people trace their accounts, especially for those gifted bonds or with paper records. With nearly 23 million people holding Premium Bonds worth £130 billion, NS&I is facing calls for reform to make the claiming process easier for beneficiaries and heirs.