NI Presbyterian mutual society, Short of funds for withdrawal?

brick

D.A. wrote: »

Looks like even Shaun himself is getting confused there...

And if being an "investor" is such a dangerous thing/designation as compared with being a safe/sensible/protected "saver", why do regulatory authorities allow High Street banks to offer savings products such as Northern's "Midas Investment" account to us gullible savers - sorry, investors.
Well, you know what I mean - people with money (their savings) on which they want to earn interest.

http://www.northernbank.co.uk/en-gb/Personal/Savings-and-investments/Savings/Products/Pages/Midas-Investment.aspx

Ironic if some of savers who exited PMS put their PMS savings (which Shaun says were investments) into a "Midas Investment" account (billed as an investment account but seems to be for savings).

Clear? No possibility of public confusion?

Noticed point on Slugger O'Toole, but site/link down at present.

brick

Toastandbutter wrote: »

It is critical that she understand that the individuals who invested money in the PMS were investors, not savers.

And of course us oldies who remember

"You get a smarter investor at the Alliance and Leicester"

know of course now (thanks to Shaun) that it should have been

"You get a smarter saver at the Alliance and Leicester"

One for the Advertising Standards Authority :-)

Toastandbutter

SUGGESTION;-

Ref the commons debate above... get those letters of thanks out to;-


Rt Hon Willie McCrea MP
Rt Hon Mark Durkan MP
Rt Hon John McFall MP
Rt Hon Owen Paterson MP
Rt Andrew Mackinlay MP
Rt Ann Winterton MP
Rt Sir Patrick Cormack MP

yes, dont forget;-

Rt Hon Shaun Woodward MP

Snail mail addresfor them all is;-

House of Commons London, SW1 A0AA


or email them at;-
http://www.theyworkforyou.com/

Toastandbutter

Sorry, all MPs should have these prefixes and suffixes.. and other titles that you know;-

Rt Hon .............................. MP

goodbyepci

Toastandbutter wrote: »

SUGGESTION;-

Ref the commons debate above... get those letters of thanks out to;-


Rt Hon Willie McCrea MP
Rt Hon Mark Durkan MP
Rt Hon John McFall MP
Rt Hon Owen Paterson MP
Rt Andrew Mackinlay MP
Rt Ann Winterton MP
Rt Sir Patrick Cormack MP

yes, dont forget;-

Rt Hon Shaun Woodward MP

Snail mail addresfor them all is;-

House of Commons London, SW1 A0AA


or email them at;-
http://www.theyworkforyou.com/

Some email addresses for the above
Owen Paterson, you can email from his website, google him

You have to write hard copy to Sir Patrick Cormack MP

[EMAIL="m.durkan@sdlp.ie"]m.durkan@sdlp.ie[/EMAIL]

[EMAIL="William.McCrea@niassembly.gov.uk"]William.McCrea@niassembly.gov.uk[/EMAIL]

[EMAIL="info@andrewmackinlay.co.uk"]info@andrewmackinlay.co.uk[/EMAIL]

[EMAIL="annwintertonmp@parliament.uk"]annwintertonmp@parliament.uk[/EMAIL]

BETRAYED

For the benefit of those who missed seeing UTV Live Wed. 3 June an edited clip is posted on Youtube.com

http://www.youtube.com/watch?v=35vw6imZA2k

BETRAYED

QUOTE=sickasaparrot;22035811]
The Industrial and Provident Societies (2006) (Commencement) Order (Northern Ireland) 2006, passed by parliament on 5 June 2006 was to come into effect on 1 July 2006. This legislation brought Northern Ireland into line with the remainder of the UK insofar as Friendly Societies were concerned but failed to provide the safeguard of the FSA. /Quote

?? The latest copy of Rules of The Presbyterian Mutual Society which I got when this crisis broke states
"Registered under the Industrial and Provident Societies Acts (Northern Ireland 1969 and 1976)
In other literature about the PMS I read that it operated under Credit Union rules.
Stennitt's research paper on Credit unions to NI Assembly
2007 .
This clearly points out the shortcomings in legislation in NI compared to England, Wales and Republic of Ireland.

www.niassembly.gov.uk/enterprise/2007mandate/research/creditunion.htm
It has a link at the end to 'Register of Credit Unions'. PMS is listed alphabetically there.
http://www.detini.gov.uk/cgi-bin/downutildoc?id=1870 Go to Page 26

Sad that DETI or our First Minister and his MLAs did not read it. Probably too busy eating in London or relaxing in expensive armchairs. There also was the stand-off of the NI Assembly Executive.
In Scotland the Scottish Assembly has a number of things to its credit but for our devolved administration about all they have done is delayed the paying of water charges.
Has anyone heard of, in exceptional circumstances, Retrospective Legislation.

sickasaparrot

The new Chief Secretary to the Treasury is Liam Byrne - he replaces
Yvette Cooper. The lobby group have asked that he is written to.


Liam Byrne - [EMAIL="byrnel@parliament.uk"]byrnel@parliament.uk[/EMAIL]

sickasaparrot

TOMORROW - SUNDAY SEQUENCE 8:30 - 10:15 AM

RADIO ULSTER 92-95 FM


JOY (joylike2shop) WAS INTERVIEWED FOR TOMORROW'S PROGRAMME. :j

ordained

Betrayed-- Register under Credit Unions

I have checked page 26 but cannot see "PMS "
If we are registered as a Credit Union then we have a claim under their Compension Fund !!!