U K
B U S I N E S S
P A R K
home page

The information below comes from the UK Activity Report.
Click here for further details

National Savings National Savings is to transfer some of its administration work, which is contracted out to Siemens, to India, but no jobs are said to be at risk at its Premium Bonds headquarters in Blackpool. 18-Aug-2004 National Savings is to close the former Post Office savings account and transfer of up to 13m customers to a new account, and several hundred staff are being recruited in Glasgow to handle the change. 12-Dec-2003 Siemens Business Services has won a £1bn contract from the government to run back-office operations and deal with customers of the National Savings bank, which will result in 3,800 civil servants being transferred to the private sector. 18-Dec-1998 National Savings, the government's retail bank, is considering bids to outsource its administration to either Siemens of Germany or EDS of the US, in order to cut costs and improve rates for savers. 03-Aug-1998 National Savings is to sell Premium Bonds on the internet in order to attract younger people to this method of saving. 02-Feb-1998 National Savings is said to be planning to rationalise offices in Durham, Blackpool and Glasgow into one location in order to benefit from the sale of land suitable for redevelopment. 25-Oct-1997 The government is looking for ways to sell National Savings products through the private sector in order to boost the sales volume from the existing level of about £11bn a year. 18-Sep-1997 National Savings bonds and certificates had record sales of £11.7bn last year, with pensioners bonds at a record £2.3bn and premium bonds at a record £1.5bn, according to the government. 13-Apr-1996 National Savings has reduced its rates on its accounts, bonds and certificates, while reducing the Premium Bond prize fund return. 26-Jan-1996 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007