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Presbyterian Mutual Society

Volume 710: debated on Monday 18 May 2009

Questions

Asked by

To ask Her Majesty's Government how many savers in England they estimate have lost part or all of their savings in the Presbyterian Mutual Society since it went into administration. [HL3273]

To ask Her Majesty's Government how many savers in Scotland they estimate have lost part or all of their savings in the Presbyterian Mutual Society since it went into administration. [HL3274]

To ask Her Majesty's Government how many savers in Wales they estimate have lost part or all of their savings in the Presbyterian Mutual Society since it went into administration. [HL3275]

To ask Her Majesty's Government how many savers in Northern Ireland they estimate have lost part or all of their savings in the Presbyterian Mutual Society since it went into administration. [HL3276]

The Presbyterian Mutual Society is currently in administration. The Government have made no estimate of the number of members of the society who may have lost part or all of their investment. The administrator website now states that his report is delayed, that he will be providing a statutory progress report on or before 16 June and he hopes to put a formal arrangement to the members in September.