On 27 August 2026, HM Treasury and National Savings and Investments announced that the Minister for Pensions had extended Luke Jensen's term as Interim Chair of the NS&I Board. The extension covers a further two-month period, from 1 September to 31 October 2026, while the process to appoint a permanent Chair is completed. Jensen had served as Interim Chair since 1 September 2025.

HM Treasury said it has started the process to appoint a permanent Chair. The extension was made as an exceptional appointment without competition, after consultation with the Commissioner for Public Appointments under the Cabinet Office's Governance Code on Public Appointments. The announcement states that Jensen has not declared any significant political activity.

NS&I's non-executive board members oversee strategy for the organisation's remit of raising cost-effective debt financing for the government, provide external advice, oversee risk control and maintain transparent links with outsourcing partners. NS&I, one of the UK's largest savings organisations, offers savings and investment products with 100% capital security because it is backed by HM Treasury.