Robinson to discuss PMS with Brown

Published Tuesday, 07 July 2009
Comments
Toggle font size
Print

DUP leader Peter Robinson will meet the Prime Minister in London on Tuesday for talks about the collapsed Presbyterian Mutual Society.

About 9,500 savers were hit by the failure of the PMS in Northern Ireland, which was put into administration in November 2008.

It is thought the organisation lost more then £50m due to the economic downturn.

Mr Robinson is expected to urge Gordon Brown to compensate those affected during their Downing Street meeting.

In March the Prime Minister promised savers protection when any UK financial institution gets into trouble.

But more than seven months after the PMS collapsed, none of its savers have been compensated.

The government has insisted they were not savers, but investors with shares in the society.

Stormont deputy first minister Martin McGuinness has also urged action to help PMS members.

Last week Mr McGuinness met Mr Brown about devolution of policing and justice powers to the Northern Ireland Assembly.

© Press Association
Comments Comments
0 Comments
No comments. Be the first to comment.
POST A COMMENT:
Name:  
Email address*:    
Location:  
Validation:
House Rules:  
Your Comment:  
[All comments are moderated and will not appear immediately. Your name, location and comment will be displayed on this page if your post passes moderation.]