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Five-yearly NI Fund review brought forward

Picture credit: Isle of Man Government

Treasury minister says it will give next administration time to address changes

The treasury minister says he's brought forward a review into the Island's National Insurance Fund to give the next administration as much time as possible to deal with its depleting funds.

During evidence given to the Public Accounts Committee earlier this month, Treasury's Director of National Insurance David Ireland revealed the new projected depletion date:

In Tynwald this month Chris Thomas confirmed he's now brought a five-yearly review of the fund forward by a year:

Mr Thomas told Manx Radio's political correspondent Phil Gawne why:

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