Positive Action Group - Possan Jantys Jarrooagh

Re: Tynwald Select Committee Final Report on Kaupthing Singer & Friedlander (Isle of Man) Limited(“KSFIOM”)

The Third (Final) Report of the Tynwald Select Committee on KSFIOM (the “Committee”), which is now available for consultation is tabled for presentation at next week's sitting of Tynwald.

While the Report essentially concerns the events following the collapse of KSFIOM on 8 October 2008 and the credibility of the Depositors Compensation Scheme, it also reiterates the conclusions of the First (Interim) Reporton the events leading up to the collapse of KSFIOM.

The latest revisions to the proposals for Public Sector Pension reform can be broadly seen as a step in the right direction, but are too timid, and fail to acknowledge fundamental flaws in both the set-up, and the long-term sustainability of the scheme.

June 14th 2011

Legislative Council colleagues gave David Callister grudging support for the first reading of his Electoral Reform Bill 2011.

The Bill will not only ensure that 8 members of the Legislative Council be popularly elected, but will also require establishing 8x 4 member constuencies. There would be three MHk's and one Council Member elected in each constituency.