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08/06/2010
Cameron Talks Cuts As PMS Savers Hope
Although budget cuts are likely to dominate the agenda as NI's First and Deputy First Ministers meet Prime Minister David Cameron in London today, beleaguered Presbyterian Mutual (PMS) savers are again hoping for good news on their frozen assets.
Although Peter Robinson and Martin McGuinness will be joined by the leaders of the Welsh Assembly and Scottish Parliament it has emerged that the Government is reconsidering the possibility of a bank takeover for the collapsed Society.
The report came from outgoing Presbyterian Moderator, the Rev Dr Stafford Carson, after a high level meeting with Secretary of State Owen Paterson.
A bank takeover - the preferred option by most observers - would mean a complete return of all monies in the short term and is probably the best possible outcome for PMS savers.
Peter Robinson has been at the forefront for the campaign to have the savers money returned and he is likely to press his case further at today's summit, which is the first time that Mr Cameron has held a joint meeting with ministers from the three devolved administrations.
However, as the meeting comes a day after the Prime Minister warned of enormous implications if cuts in public spending do not start immediately, the talks are bound focus most on the UK's ailing economy.
See: Special Meeting Called To Discuss PMS Proposals
(BMcC)
Although Peter Robinson and Martin McGuinness will be joined by the leaders of the Welsh Assembly and Scottish Parliament it has emerged that the Government is reconsidering the possibility of a bank takeover for the collapsed Society.
The report came from outgoing Presbyterian Moderator, the Rev Dr Stafford Carson, after a high level meeting with Secretary of State Owen Paterson.
A bank takeover - the preferred option by most observers - would mean a complete return of all monies in the short term and is probably the best possible outcome for PMS savers.
Peter Robinson has been at the forefront for the campaign to have the savers money returned and he is likely to press his case further at today's summit, which is the first time that Mr Cameron has held a joint meeting with ministers from the three devolved administrations.
However, as the meeting comes a day after the Prime Minister warned of enormous implications if cuts in public spending do not start immediately, the talks are bound focus most on the UK's ailing economy.
See: Special Meeting Called To Discuss PMS Proposals
(BMcC)
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06 May 2011
Presbyterian Mutual Savers 'May Get 100%'
It has emerged today that 'smaller savers' in the collapsed Presbyterian Mutual Society (PMS) are hoping to receive all of their money back - despite fears that very little - or even no cash would be forthcoming.
Presbyterian Mutual Savers 'May Get 100%'
It has emerged today that 'smaller savers' in the collapsed Presbyterian Mutual Society (PMS) are hoping to receive all of their money back - despite fears that very little - or even no cash would be forthcoming.
17 June 2009
Fate Of Presbyterian Savers In Balance
A crunch meeting will take place today to attempt to save funds lodged with a crisis-hit saving mutual that is backed by the church. The Stormont First Minister Peter Robinson is to meet the Presbyterian Moderator Dr Stafford Carson to discuss the crisis in the Presbyterian Mutual Society (PMS).
Fate Of Presbyterian Savers In Balance
A crunch meeting will take place today to attempt to save funds lodged with a crisis-hit saving mutual that is backed by the church. The Stormont First Minister Peter Robinson is to meet the Presbyterian Moderator Dr Stafford Carson to discuss the crisis in the Presbyterian Mutual Society (PMS).
08 April 2011
PMS Savers Get Summer Pay-out Offer
There has been a broad welcome for news that the administrator of the Presbyterian Mutual Society (PMS) has proposed a 'Scheme of Arrangement' to the 10,000 creditors and members for them to get a total of more than £232m by early July.
PMS Savers Get Summer Pay-out Offer
There has been a broad welcome for news that the administrator of the Presbyterian Mutual Society (PMS) has proposed a 'Scheme of Arrangement' to the 10,000 creditors and members for them to get a total of more than £232m by early July.
28 March 2011
Rescue Package For PMS Savers On Way
A rescue package for the Presbyterian Mutual Society (PMS) has been announced. First Minister Peter Robinson said the implementation of the £225m package would rest with the Administrator and be available to draw down from the beginning of April in the new financial year.
Rescue Package For PMS Savers On Way
A rescue package for the Presbyterian Mutual Society (PMS) has been announced. First Minister Peter Robinson said the implementation of the £225m package would rest with the Administrator and be available to draw down from the beginning of April in the new financial year.
07 August 2009
PMS 'Savers' Probe Launched
On foot of high-level political interest, it emerged this week that the regulatory body for accountants is to investigate the collapse of the Presbyterian Mutual Society (PMS). The move comes weeks after the NI Executive First Minister Peter Robinson took action and personally championed the cause of PMS savers to the Prime Minister Gordon Brown.
PMS 'Savers' Probe Launched
On foot of high-level political interest, it emerged this week that the regulatory body for accountants is to investigate the collapse of the Presbyterian Mutual Society (PMS). The move comes weeks after the NI Executive First Minister Peter Robinson took action and personally championed the cause of PMS savers to the Prime Minister Gordon Brown.
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