A Chartered Financial Planning firm has won the contract to advise Premium Bonds £1 million jackpot winners. 

NS&I announced that Matrix Capital, based in Monkhopton, Shropshire, has been re-awarded the contract for three years.

Matrix was founded in 2004 by Chartered Financial Planner Robin Melley FPFS, now managing director. He is a pension transfer specialist, holding the Advanced Financial Planning Diploma in Pensions and is also a STEP member and an Associate of the Chartered Institute for Securities and Investments (ACSI).

The firm’s other owner/director, Chartered Financial Planner Gary Matthews FPFS, is a pension transfer specialist, holding the Advanced Diploma qualifications in Pensions and Pension Drawdown. He is also a STEP member.

NS&I offers a financial advisory service to each £1 million jackpot winner. It is up to each monthly Premium Bonds jackpot winner to decide whether to accept and then they decide if they wish to take up and pay for other services from the firm.

Matrix Capital has been the service provider since 2014 and the new contract begins on 1 April for three years, with an option to extend for two additional years.

In November 2017, NS&I began a competitive procurement process and decided to go with Matrix Capital again following an evaluation panel for the tender. The Personal Finance Society and the Chartered Institute for Securities & Investment were represented.

Matrix Capital scored the highest number of marks in the evaluation process - over 90%.

Robin Melley, managing director, Matrix Capital, said: “We are delighted that NS&I has confirmed its intention to contract with us again, following the re-tender of the service to provide professional advice to Premium Bonds jackpot winners.

“We look forward to continuing to work with NS&I to deliver this important service, and remain committed to providing our clients with a personal service that creates added value, through the application of the highest standards of financial advice.”