NS&I chief prepares to step down next year

HM Treasury will shortly begin the process of recruiting a new CEO, according to the state-owned savings bank. Under Ackerley's leadership, NS&I has grown its savings deposits by 42% - with funds invested by savers increasing from £147bn in 2017 to £209bn today, according to NS&I. This was achieved alongside an improvement in NS&I's efficiency ratio - a measure of how much it costs NS&I to manage each £100 of funds it holds - this stood at 9.4p in 2017 and has now fallen to 6.8p, it said. Ackerley, who joined the organisation in 2017, has also overseen the ongoing delivery of the R...