Had a look at the Society’s accounts for 2007 and at 31 December there was an FRS17 liability of £32.9 versus assets of £25.7. £16.2 million was in equities so will be worse now.
Looks like a likely new entrant to the PPF unless there is a very substantial element of the liabilities that exceed the cap for compensation.
Spence & Partners Limited is a company registered in Northern Ireland with registered number NI 37760 whose registered office is at 22 Great Victoria Street, Belfast, BT2 7BA.
Spence & Partners Limited is authorised and regulated by the Financial Services Authority in the conduct of investment business. VAT number 974 8252 79.
We are making donations in 2011 to two charities, Marie Curie Cancer Care who provide end of life care to terminally ill patients, and Children 1st, who are one of Scotland's leading child welfare charities.
