Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what plans does she have to decrease the time taken to return savings to estates of the deceased.
On 19 May, I updated Parliament that from the week commencing 25 May, NS&I would start to contact affected estates, with holdings of £10 or more, to reunite them with the holdings owed to them. Remediation will be delivered in phases. NS&I has since issued letters and repayments to the first cohort of affected estates. NS&I aims to return holdings to affected estates as swiftly as possible and expects to complete its remediation programme in the first half of 2027.