NI Presbyterian mutual society, Short of funds for withdrawal?

sickasaparrot

Apologies folks - the email addresses have been causing problems.



I have sent messages on the addresses below - they seem to work !!

PLEASE START YOUR MESSAGE WITH - FOR THE ATTENTION OF ...................
AND MARK IT URGENT !

Nigel Dodds - [EMAIL="DFP.enquiries@dfpni.gov.uk"]DFP.enquiries@dfpni.gov.uk[/EMAIL]

Arlene Foster - [EMAIL="information@detini.gov.uk"]information@detini.gov.uk[/EMAIL]

Peter Robinson - [EMAIL="info.office@niassembly.gov.uk"]info.office@niassembly.gov.uk[/EMAIL]

irishjohn

Nigel Dodds [EMAIL="ndodds@dup-belfast.co.uk"]ndodds@dup-belfast.co.uk[/EMAIL]

Arlene Foster [EMAIL="arlene.foster@niassembly.gov.uk"]arlene.foster@niassembly.gov.uk[/EMAIL]

Peter Robinson [EMAIL="Peter.robinson@niassembly.gov.uk"]Peter.robinson@niassembly.gov.uk[/EMAIL]

The entire Assembly members directory can be found here

http://www.niassembly.gov.uk/members/membership07.htm

crazymess

Watch UTV live tonight - 10 or 10.30

re Shaun Woodward's comments and PMS savers!!!

freddiemae

I think it was the leader of the donaghadee savers who was speaking - very controlled - very informative. Many people must have been listening and heard a very personal side of the story of your losses. Well done that man.

fivealive_2

crazymess wrote: »

Watch UTV live tonight - 10 or 10.30

re Shaun Woodward's comments and PMS savers!!!

I hope you are right as I never watch UTV Live and have watched it in vain the last two nights looking for coverage of the PMS story. I was beginning to think that P.C. was colluding with the hierarchy of his church in trying to prevent negative publicity of the PCI.

crazymess

16th June important date - hopefully we will have heard from A Boyd and Co

17th June important date - First and Dep First Min and Mrs Foster etc meet with Gordon Brown????????????????????????

Will he still be in power??????????????

Bit worrying - I don't think I could just emailing someone new!!

Just a thought!

crazymess

Another bit of info:

G8 news re what was previously posted re Shaun Woodward etc>

Then have just heard that on Radio Ulster at 5 pm he was interviewed and said that we were investors !!!!!!!!!!!!!! high risk!!!!!!!!!!!!! - can someone confirm this?

What in goodness name is going on???

Playing with people's emotions - we are up, then down, this is rediculous and unfair.

Why don't these two Governments sort this out now?

freddiemae

crazymess wrote: »

Another bit of info:

G8 news re what was previously posted re Shaun Woodward etc>

Then have just heard that on Radio Ulster at 5 pm he was interviewed and said that we were investors !!!!!!!!!!!!!! high risk!!!!!!!!!!!!! - can someone confirm this?

What in goodness name is going on???

Playing with people's emotions - we are up, then down, this is rediculous and unfair.

Why don't these two Governments sort this out now?

From the transcript of Hansard

Quote
Mr. Woodward:
We have to recognise again that these are not savers; they were investors. As such, they made an investment as risk capital in the form of withdrawable shares and loans. There is an issue about whether or not this should have been regulated; it was registered; it should have been regulated. There is an issue that I continue to want the FSA to look at, but I am not trying to evade our responsibility. If we can find a way to help these people, we should do so. I am prepared to break the bureaucracy to do it, if it is at all possible.

quote

He is still stating that you were investors and I think his words have to be taken in that context. Arlene Foster is trying desperately to off load it to the UK govt since she has no money for compensation but it doesn't get away from the fact that no- one was overseeing this committee---not the directors -- not the FSA --- not DETI---not the pCI.

Beware of promises made by people who have an election tomorrow.

fivealive_2

goodbyepci wrote: »

Shaun Woodward and others keep telling us that we were investing risk capital.
Now we all know that nowhere was this made clear to us, in small print or in the PMS promotional literature.
So we have been mis sold a financial product.

Is there not a case for the FSA to take proceedings against the PMS Directors for misleading us and giving the impression that we were putting our savings into a mutual society which paid interest like a high street bank.

If the FSA does not feel it is necessary to take proceedings then who is accountable for distributing misleading promotional literature, misleading information about the nature of the financial product. And not giving us the opportunity to make an informed decision about where we put our hard earned savings?

Or does it mean that you can mislead and fool people and walk away unchallenged and unpunished!

How many letters have there been sent to Shaun Woodward explaining the situation, yet he seems to be persistently closing his ears to the reality of the PMS.

It's hard to believe sometimes!

So we have been mis sold a financial product.

I think you have a good point here GoodByePCI.

fivealive_2

freddiemae wrote: »

Beware of promises made by people who have an election tomorrow.

Indeed.

(Wish I knew who to vote for?)