A Chartered Financial Planning firm has been awarded a contract extension to provide advice to the £1million jackpot winners of Premium Bonds.

Matrix Capital will continue to provide the service for NS&I until 31 March 2018 after the agreement was extended by a year. It started in 1 April 2014.

But other Financial Planning firms can bid to be the new provider from Autumn this year.

NS&I said it will conduct a re-tender competition for service from autumn in order to start a new contract from April 2018. Further details of this process will be announced after this summer.

Each Premium Bonds £1 million jackpot can received advice from Matrix Capital if they wish.

Robin Melley, chief executive, Matrix Capital, said: “It’s been a very interesting and rewarding experience to meet with the Premium Bonds jackpot winners and offer them our Financial Planning services, and we are pleased that NS&I has decided to extend the contract. During the last three years my business partner Gary Matthews and I have met winners from many areas of the UK, from Cornwall up to Scotland, and have really enjoyed the experience.”

Andrew Pike, Head of Intermediary Relationships at NS&I, said: “We have been very impressed by the professional and personal service that Matrix Capital has delivered to a number of Premium Bonds £1 million jackpot winners since 2014, who chose to receive financial advice. We’re pleased to take-up the option of extending the contract with them for one more year and value the service they provide to the millionaires created by ERNIE each month.”