NI Presbyterian mutual society, Short of funds for withdrawal?

D.A.

*cough* DUP Minister in charge of the department that had oversight of the PMS *cough*

serpico

Lets hope they get to the truth of this stinking mess, and heads really roll not just a slap on the wrist and a few years disqualification as Directors but I doubt it .

Rarely missed my Sunday in the Presbyterian Church, will never set foot in it or line their pockets again. Christianity, we all saw how much of that there was , plenty of weeping, wailing and bashing of teeth from Church House , but it was the British government, not the PCI that put it's hand in it's pocket.

Yet the mug punters still fill the pews. It is a pity we can't identify those who pulled their money out, and how they knew to get their timing right.

joylikes2shop

http://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/pms-loans-on-back-of-envelope-29401675.html

BETRAYED

Update from the Administrator 21 June 2013

The Joint Supervisors have today placed on the website the summarised accounts for the Scheme of Arrangement for the nine-month period to 31 March 2012. They are available
on this link.
http://www.presbyterianmutualsociety.co.uk/

joylikes2shop

http://www.u.tv/News/PMS-ignored-rules-to-gamble-away-100m/45fd6993-350a-4983-a1d6-22345d55a1f0

Dr._Who_2

many people are still owed money from PMS but it may take years for them to get it back, if ever. I agree with other ppl who are posting - those who were running the PMS should be accountable to the people who placed money in the Society - the PMS is still operating in an office in the building in Glengall Street.

pepper33

I sympathise with all PMS investors, but what about other people who use the banks, and who haven't a chance of getting compensation, and they are making people homeless, and there is no help from the Assembly, as there is no mortgage rescue scheme here. I still think that putting your money into investments is risky. My aunt lost £10,000 not with the PMS but she just had to tough it out, never a chance of compensation, stocks and shares, my motto is if you can't afford to lose the money, then don't invest it.

mezza101

tax payer bail outs for reckless gambling...... yeah i'll just go and stick a grand on a horse and if it doesnt win i'll get my grand back from the tax payers, right on!

ballyblack

tax payer bail outs for reckless gambling...... yeah i'll just go and stick a grand on a horse and if it doesnt win i'll get my grand back from the tax payers, right on!

Savers did not gamble........... the PMS directors did by lending/gambled the savers money

This was against the the society rules and poor regulation by the government

pepper33

Did they not publish accounts, and did nobody try and find out what was happening to their money.
I think that it is the church you should be after, and not having taxpayers bailing you out. The banks did not give ordinary citizens of NI a bailout. Me thinks it is because the DUP are Presbyterians, don't know why they got it included in the peace agreement. I still do have empathy with you, as I have mortgage arrears, and have had my overdraft withdrawn, and I am working, earning a decent salary.