NI Presbyterian mutual society, Short of funds for withdrawal?

trying_to_help

I dont see anything particularly interesting in the report. My professional adviser in London says that all it shows is some slow progress.

Lakeland

I would extend my sincere sympathy to the family of Sir George Quigley. He was a great friend to all the savers in PMS. When approached he gave himself unselfishly on behalf of our society.

D.A.

Page 4:

http://www.ni-ombudsman.org.uk/niombudsmanSite/files/9a/9aeb6c6f-cf19-4f1e-b2c2-eed620cd2cd6.pdf

And some comment here:

http://sluggerotoole.com/2013/03/19/the-department-had-access-to-all-the-relevant-information-and-yet-redux/

ballyblack

NEWS LETTER

http://www.newsletter.co.uk/news/headlines/empey-challenged-on-time-as-pms-minister-1-4926535

BETRAYED

http://www.bbc.co.uk/news/business-22116267

Does anyone know if this KPMG company is the same company that our
Scheme of Arrangement's joint supervisor, John Hansen FCA, works for?

I see also in Daily Mail April 13 2013 that the same company faces an investigation from the accounting watchdog, the Financial Reporting Council, for giving HBOS a clean bill of health shortly before its collapse.

More importantly...... Arthur Boyd has continued as Administrator of PMS (In Administration), as he was entitled to do under The Scheme of Arrangement and approval of the Court.
His hourly rate increased from an abated £185 per hour to £250 per hour from
1st.April 2012. (Approved by Creditors' Committee).
Whilst there has to be at least annual reports provided to creditors of PMS (In administration) no such provision exists for Scheme of Arrangement.
Does anyone know if any info can be obtained under Freedom of Information legislation?

D.A.

http://www.bbc.co.uk/news/uk-northern-ireland-22477163

serpico

Greed, Selfishness, and very little Christianity.

No arrests, no collars felt, no jail time, and the none Presbyterian Catholic, Jewish, Hindu etc taxpayers had ro bail them out.

The gospel according to the PCI "Shaft thy neighbour before he shafts you".

qwert_yuiop

serpico wrote: »

Greed, Selfishness, and very little Christianity.

No arrests, no collars felt, no jail time, and the none Presbyterian Catholic, Jewish, Hindu etc taxpayers had ro bail them out.

The gospel according to the PCI "Shaft thy neighbour before he shafts you".

Pretty much the same as every other bail out since this all kicked off

ballyblack

http://www.londonderrysentinel.co.uk/news/qc-employed-by-deti-to-go-after-ex-pms-directors-1-5187516

joylikes2shop

Have just seen this program advertised and think it'll be worth watching ...

Insight (UTV)

" prophets of doom "

Monday 8:00 PM

Chris Moore investigates the collapse of the Presbyterian Mutual Society and asks who was to blame. Nearly 10,000 people were denied access to their savings when the organisation went into administration in November 2008. A rescue package underwritten by the Government and the Northern Ireland Executive was then agreed in 2011