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Ensuring a sustainable and prosperous convenience industry in Scotland

SGF condemns withdrawal of the sale of Premium Bonds.

 

SGF condemns withdrawal of the sale of Premium Bonds.

  The Scottish Grocers’ Federation has moved quickly to respond to the decision by the National Savings & Investments Agency for withdrawing Premium Bonds from sale in Post Offices after 31st July 2015.  They have issued a statement strongly condemning the decision.

 This comes at a crucial period for the Post Office as they are midway through their Network Transformation Programme. One would have thought that they would have been encouraging commission based schemes and not taking them away.

 ‘The move to withdraw the sale of Premium Bonds from 1st August 2015 is another nail in the coffin for Sub-Postmasters. One in five of the sales of Premium Bonds for last year came from over the counter. This is another huge setback for the Sub-Postmasters as another revenue stream is lost.’

Pete Cheema, SGF CEO.