NI Presbyterian mutual society, Short of funds for withdrawal?

BETRAYED

Toastandbutter wrote: »

Did anyone hear if there going to be a placard protest tomorrow at the working group at Stormont ie calling on its chairman Mr Paterson to honour his pre-election promises?

Any substance to this?

Paterson is involved at Westminster today being questioned by the Northern Ireland Affairs Committee. I believe that Swire the Under Secretary is a main figure in sorting out PMS.
I know he is well informed on the issue and when Donaldson met Paterson along with three PMS savers lately Swire was present.

Despite what a lot of savers, including Lester think,namely that we have lost our savings I do not agree.
In my opinion there will be a practical resolution but probably not exactly as PCI and some others want it.

Flinflon

That's Hugo S-W-I-R-E at the Northern Ireland office.

BETRAYED

Flinflon wrote: »

That's Hugo S-W-I-R-E at the Northern Ireland office.

Flinflon Thanks for the correction. Must have taken the name up wrongly. No offence intended.

ballyblack

From BBC news;

Meanwhile Owen Paterson has been meeting the First and Deputy First Ministers to discuss the plight of savers and investors who lost money in the Presbyterian Mutual Society.

The Secretary of State, who sits on the working group with Peter Robinson and Martin McGuinness said he "remains hopeful a solution will be reached within weeks".


and UTV

http://www.u.tv/News/Paterson-hails-PMS-progress/e0861b30-4d57-4f2f-b445-3570cfe4db4d


.

BETRAYED

UTV Report

"Real progress has been made by the Working Group in considering the options identified at our previous meeting, but a number of technical matters still require additional work", Mr Paterson said.
"This work continues, with the aim of finding a fair and just resolution."
.................
Mr Paterson said the PMS working Group aims to complete its work before the Conservative-Lib Dem coalition announces its Spending Review in October, when the Government will reveal where public cuts will be made.
"Officials will continue to work together intensively and the Ministerial Working Group will meet again in two weeks," Mr Paterson said.

goodbyepci

http://www.bbc.co.uk/news/uk-northern-ireland-11232105

crazymess

http://www.bbc.co.uk/iplayer/console/b00tjg20/Evening_Extra_08_09_2010

BBC Radio Ulster - about 28 mins in ......

Lady Sylvia Hermon doing a tremendous job again - asking the Sec of State to explain what exactly a Just and Fair Solution means for the Savers in the PMS ........ She wanted to know was it going to be a 100% return.

joylikes2shop

http://www.newsletter.co.uk/news/PMS-savers-still-in-limbo.6521308.jp?articlepage=1

joylikes2shop

Robinson Reports on PMS Ministerial Working Group

A meeting of the Ministerial Working Group on the Presbyterian Mutual Society has taken place in London today (Wednesday). The meeting was attended by First Minister Rt. Hon Peter Robinson MLA, deputy First Minister Martin McGuinness, DETI Minister Arlene Foster MLA, Secretary of State Owen Paterson, NIO Minister of State Hugo Swire and Financial Secretary to the Treasury Mark Hoban. Commenting after the meeting the First Minister said,

“This was a useful meeting where progress was made. The Working Group will meet again in a fortnight. In the meantime, officials will continue to work through technical details to get a resolution for savers.
I am very aware of the plight of those who lost savings in the PMS and I welcome the Government’s commitment to work towards a mid-October deadline.
We are working on an outline of how to resolve the issues that we face and I am determined to make progress and achieve a satisfactory outcome. Indeed, I am hopeful it will be possible to have a report to the Prime Minister agreed at our next meeting.”


[URL="mhtml:{38CE146B-7807-40D9-983E-6CAEBF96172E}mid://00000043/!x-usc:http://www.peterrobinson.org/"]http://www.peterrobinson.org/[/URL]

goodbyepci

http://www.belfasttelegraph.co.uk/news/politics/sinn-fein-asked-to-rewrite-queens-oath-and-take-westminster-seats-14942048.html