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09/09/2010
PMS Meeting 'Makes Progress'
There has been a further meeting of the Ministerial Working Group on the Presbyterian Mutual Society (PMS).
Officials from Whitehall and Stormont departments have been working intensively to find a fair and just resolution for PMS members who have been unable to access their investments since the Society entered administration.
Stormont First Minister Peter Robinson, Deputy First Minister Martin McGuinness, the NI Minister of Enterprise, Trade and Investment Arlene Foster, NIO Minister of State Hugo Swire and the Financial Secretary to the Treasury, Mark Hoban, also attended with the Secretary of State for Northern Ireland Owen Paterson.
Owen Paterson said: "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.
"Officials will continue to work together intensively and the Ministerial Working Group will meet again in two weeks."
However, there was no sign of an actual solution for the 9,500 savers as the clock counts down to the Government's October 20 Comprehensive Spending Review (CSR) when dramatic spending cuts for the next four years are expected.
Mr Robinson was however upbeat and agreed it was "a useful meeting where progress was made".
(BMcC/GK)
Officials from Whitehall and Stormont departments have been working intensively to find a fair and just resolution for PMS members who have been unable to access their investments since the Society entered administration.
Stormont First Minister Peter Robinson, Deputy First Minister Martin McGuinness, the NI Minister of Enterprise, Trade and Investment Arlene Foster, NIO Minister of State Hugo Swire and the Financial Secretary to the Treasury, Mark Hoban, also attended with the Secretary of State for Northern Ireland Owen Paterson.
Owen Paterson said: "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.
"Officials will continue to work together intensively and the Ministerial Working Group will meet again in two weeks."
However, there was no sign of an actual solution for the 9,500 savers as the clock counts down to the Government's October 20 Comprehensive Spending Review (CSR) when dramatic spending cuts for the next four years are expected.
Mr Robinson was however upbeat and agreed it was "a useful meeting where progress was made".
(BMcC/GK)
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