NI Presbyterian mutual society, Short of funds for withdrawal?

crazymess

fivealive wrote: »

I think DA does understand. I have read what DA, Crazymess and Goodbyepci have written today and I somehow agree with all 3 of you if that is possible.
Yes I believe that PCI has liabilities as far as the PMS is concerned but I don't think that the entirety of the PCI is rubbish just because they have failed us in one important area.
I really don't know how to explain myself properly other than what I have already said so I hope it makes sense to some-one?

I agree with you fivealive - the PCI are very linked and very involved in this - and need to face up to their responsibilities with some form of financial help - they helped and were involved in us placing our money with the PMS.

However that does not mean that I am against the PCI in every other area of their work. They have just made a mistake - and need to get this rectified for the 10542? of their people who have become involved in this.

goodbyepci

crazymess wrote: »

..............need to get this rectified for the 10542? of their people who have become involved in this.

10542?

That's a thousand more than we are always being told?

crazymess

goodbyepci wrote: »

10542?

That's a thousand more than we are always being told?

I'm nearly sure I saw that figure over the last 3 and a half months researching this!

Also I note that there are approximately 800 views on this thread per day now! Quite amazing - its the only form of communcation at present.

For those of you viewing - please post your thoughts and ideas -

goodbyepci

Nomad25 wrote: »

Can anyone tell me - how much has the PCI officially and currently got stashed in its coffers - real money vs investments? Suppose I am talking here as to what would be described as 'disposable income'.

The only figure I have heard is £43M in the general investment fund.

But Church House claim to have very little "free money", so don't know how it is tied up.

john2009

Toastandbutter wrote: »

Hi Guys

Just curious, was anyone here every approached by a financial professional and urged to move their money from the PMS?

yes, I was but it was too late by the time I got to the Society!

goodbyepci

john2009 wrote: »

yes, I was but it was too late by the time I got to the Society!

In Manchester?

john2009

goodbyepci wrote: »

In Manchester?

No. I was home at the end of october for dads birthday. My mum had a call from a bank manager suggesting that she should move her and dads money. I went to see Colin Ferguson and he said that there was a 21 day notice on withdrawals but didnt give me any indication what lay ahead! I thought it was a temporary thing. Mums next door neighbour had the same call a few days earlier and got his money out!

yamis21

:hello: Just hi to all. Still reading and thank goodness for this forum. Think I'll go have a beer.:beer: :beer:

goodbyepci

john2009 wrote: »

No. I was home at the end of october for dads birthday. My mum had a call from a bank manager suggesting that she should move her and dads money. I went to see Colin Ferguson and he said that there was a 21 day notice on withdrawals but didnt give me any indication what lay ahead! I thought it was a temporary thing. Mums next door neighbour had the same call a few days earlier and got his money out!

I wonder how they knew who had money in PMS, were they cold calling?

dmxdave