IOMG Press Release 20 Feb

Is there a smell of further chicanery in the air? Is this another thrust by the self preservation society to ensure that the embarrassment of the DCS is avoided in favour of the face-saving SOA?

Para 9, referring to payout under the second EPS being simplified--" with all accounts now qualifying for a maximum single payment of 10K irrespective of the number of joint or multiple beneficiaries to which that account related", i.e. instead of a payment of 10K each per joint account holders as in the earlier scheme, these ruleswould be changed again in favour of IOMG.

Of more concern to those of us in say the 150K region of joint deposit is the inferred sequiter that whereas we expect a payment of 100K from the DCS--and the balancing 50K from somewhere--we may now have to settle for 50K and look to the heavens for 100K .This would be another travesty of fiducary justice and prove quite unbearable to those of us who have spent a lifetime fighting injustice and to be so maimed by uncaring bureaucrats as we enter the quiet years before the final bell.

Can anyone clarify?