Ripsaw Posted November 30, 2004 Share Posted November 30, 2004 Nothing listed in the "Questions" list, but they can be viewed in the * Order Papers * (.pdf) Not really a great deal this week... VAT on Band Aid 2004, the Linkspan User Agreement, and ermmmm.... Q6 is one of the more exciting [sic] ones which applies to anyone (myself included) who "opted out of SERPs". Link to comment Share on other sites More sharing options...
Stavros Posted November 30, 2004 Share Posted November 30, 2004 6. The Hon Member for Middle (Mr Quayle) to ask the Minister for Health and Social Security - (1) In relation to the State Earnings Related Pension Scheme (SERPS), and those people who have “contracted out” of this scheme, and have been receiving a rebate of National Insurance Contributions paid into their individual private pension schemes, are you aware of recent concerns expressed, and advice from pension firms such as Norwich Union, that apparently they strongly recommend people to rejoin the SERPS Scheme; and (2) as a result of concerns expressed and current uncertainty, what action will be taken by your Department? I got one of these from Norwich Union. It's something that I mean to look into quite soon. Anybody else got any more info? Stav. Link to comment Share on other sites More sharing options...
The Old Git Posted November 30, 2004 Share Posted November 30, 2004 We're just signing back into SERPS, or State Second Pension as it's now called. We received the letter from Norwich Union last week and spoke to our insurance / pension brokers and they reckon we'd be better going back in. Of course, it could all change again if a few more years. Link to comment Share on other sites More sharing options...
Stavros Posted November 30, 2004 Share Posted November 30, 2004 It's not just a ploy for the CFA to earn commission second time around then? Must read the rest of the literature that NU sent, does it clarify why people should opt back in? I didn't see anything. (Admits that I only scanned it before putting it in my "To Do" pile) Which obviously still hasn't been done! Stav. Link to comment Share on other sites More sharing options...
The Old Git Posted November 30, 2004 Share Posted November 30, 2004 It's not just a ploy for the CFA to earn commission second time around then? The two blue boxes on page 3 weigh up the risks of staying contracted out or going back in I reckon it depends on whether you think the markets are going to perform better in the future than they have in the past few years. If you think they aren't then get back in, if you think they will then stay contracted out. Of course, that's just my personal opinion and shouldn't be taken as financial / pension advice. Has anyone got a Independent Financial Advisor? If so, who are they and how do you rate them? Link to comment Share on other sites More sharing options...
Ripsaw Posted November 30, 2004 Author Share Posted November 30, 2004 The first couple of questions are very interesting. Ned is currently struggling to explain away the MEA scandal, and not doing too well. I have speakers and access to the feed, unfortunatley I don't work alone and others in the room object to any noise other than their own voices, so I always miss anything before 12:00 Link to comment Share on other sites More sharing options...
FCMR Posted November 30, 2004 Share Posted November 30, 2004 The first couple of questions are very interesting. Ned is currently struggling to explain away the MEA scandal, and not doing too well. <{POST_SNAPBACK}> Ned has Jumped in to defend Allan Bell again, much to the dislike of the rest of Tynwald. Its my opinion that the leadership has lost it and that a vote of no confidence should be made on the CM and TM. They have known about this borrowing for some time but chose to keep quiet, and Mrs Hannan has just asked the question which bank put up the loan and was there any connection between a member of the board of the MEA and the Bank, the CM answered the first part in saying it was Barclays Bank but refused to answer the second part of the question. It was also asked why wont the Government insist on finding out the salary of the CE of the MEA (rumoured to be £250k pa ) and what was the sum of the Golden handshake and pension, again would not give the answer. These questions should be answered, the taxpayer is liable for the repayment of these loans, so we should know how are money is being spent. Another cover up on the way me feels Link to comment Share on other sites More sharing options...
Addie Posted November 30, 2004 Share Posted November 30, 2004 Re MEA, quote from Manx Radio's website here The Chief Minister says an external body of auditors will carry out a check on MEA finances. It will be done, he promised members, in a "speedy manner." The financial revelations at the MEA dominated the House of Keys proceedings this morning as members voted to postpone questions and hear a statement from the Chief Minister. After some toing and froing over whether a statement should be read and why a statement hadn't been forthcoming before, Richard Corkill said talks had been going on with some urgency for the last few weeks when the situation over the loan, unapproved by the Treasury its seems, came to light. He also said that the Treasury Minister had been asked very direct questions on Manx Radio and it would have been wrong of him not to answer them. This tight questioning on Manx Radio, that forced this isue into public, was touched upon by Mr Bell It had been claimed that rumours of the financial situation at the MEA had been known " in the corridors" for some weeks. Mr Cannan asked why the Chief Minister did not make a statement earlier. Link to comment Share on other sites More sharing options...
The Old Git Posted November 30, 2004 Share Posted November 30, 2004 quote from Manx Radio's website I see MR thinks we're listening to the Geraldine Jamieson Interview on AM, sounds a bit like Tynwald to me Link to comment Share on other sites More sharing options...
The Old Git Posted November 30, 2004 Share Posted November 30, 2004 but a classic comment he made was to the effect that "it was unfortunate that it had become public knowledge" Absolutley bloody incredible Link to comment Share on other sites More sharing options...
Observer Posted November 30, 2004 Share Posted November 30, 2004 but a classic comment he made was to the effect that "it was unfortunate that it had become public knowledge" Absolutley bloody incredible <{POST_SNAPBACK}> My sentiments exactly. (FCMR post approved about 5 up) Link to comment Share on other sites More sharing options...
Ripsaw Posted November 30, 2004 Author Share Posted November 30, 2004 Mr Cannan asked why the Chief Minister did not make a statement earlier. Why do they do that? Inform us that A asked B a question then end the report without a mention of B's answer... Link to comment Share on other sites More sharing options...
Addie Posted November 30, 2004 Share Posted November 30, 2004 Not too good understanding all this but I've had a peep on here and wonder, do some things relate to anything happening at the moment? Edited - got page numbers wrong Link to comment Share on other sites More sharing options...
WilDDog Posted November 30, 2004 Share Posted November 30, 2004 (Dave the Cardboard Box @ Nov 30 2004, 11:33 AM)but a classic comment he made was to the effect that "it was unfortunate that it had become public knowledge" Unfortunate, rofl It's really getting beyond a joke now somethings got to give sooner or later with this lot. Sooner being the preferred option. Link to comment Share on other sites More sharing options...
Dave the Cardboard Box Posted November 30, 2004 Share Posted November 30, 2004 To be fair to Ned, I think he added the words "at this stage" when he said it was unfortunate the matter had become public. Link to comment Share on other sites More sharing options...
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