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  • FIRST POST
    • MSE Guy
    • By MSE Guy 16th Apr 10, 10:27 AM
    • 1,628Posts
    • 1,255Thanks
    MSE Guy
    MSE News: 50 million emergency fund for Northern Ireland savers
    • #1
    • 16th Apr 10, 10:27 AM
    MSE News: 50 million emergency fund for Northern Ireland savers 16th Apr 10 at 10:27 AM
    This is the discussion thread for the following MSE News Story:

    "The Stormont Executive has agreed the bail-out after the Presbyterian Mutual Society went into administration in 2008 ..."

Page 1
  • BETRAYED
    • #2
    • 16th Apr 10, 2:37 PM
    • #2
    • 16th Apr 10, 2:37 PM
    The PMS forum on Moneysavingexpert.com was a great help in allowing many PMS members to keep in touch for the last 18 months of hell.

    There was no official lobby group website set up and for MSE.com many of us are grateful.
    • stphnstevey
    • By stphnstevey 16th Apr 10, 4:22 PM
    • 2,977 Posts
    • 488 Thanks
    stphnstevey
    • #3
    • 16th Apr 10, 4:22 PM
    • #3
    • 16th Apr 10, 4:22 PM
    How safe are other Irish Savings Accounts?
  • BETRAYED
    • #4
    • 16th Apr 10, 7:55 PM
    • #4
    • 16th Apr 10, 7:55 PM
    Republic of Ireland like England and Wales had their Credit Unions and Mutual Societies Regulated with an opportunity to join a Compensation Scheme.

    In N Ireland Direct Rule Ministers and our fledgling Assembly had not introduced the necessary legislation.
    We were under 1969 Industrial Provident Society Legislation.
    The 2000 Financial Services and Marketing Act brought in in England did not mention N. I.

    New legislation would have been brought in sometime but when the economic downturn
    came we were left exposed.

    As far as I am aware savings with other Building Societies and Banks in NI have the 50K (67K in UK?)
    guarantee.
    Last edited by BETRAYED; 16-04-2010 at 8:03 PM.
    • Mikeyorks
    • By Mikeyorks 16th Apr 10, 8:23 PM
    • 10,287 Posts
    • 4,696 Thanks
    Mikeyorks
    • #5
    • 16th Apr 10, 8:23 PM
    • #5
    • 16th Apr 10, 8:23 PM
    How safe are other Irish Savings Accounts?
    Originally posted by stphnstevey
    Safe enough not to panic ....... which is what led to the downfall of the institution that's the subject of this thread!
    If you want to test the depth of the water .........don't use both feet !
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