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Monday, November 29

BLEAK CHRISTMAS

Trinidad and Tobago's Newsday"A GROUP of Clico policyholders comprising mainly persons who invested more than $75,000 in the company’s controversial Executive Flexible Premium Annuity (EFPA) yesterday announced the commencement of legal action against the State over its plan to issue 20 bonds at a rate of zero percent interest.

In an immediate response, Finance Minister Winston Dookeran said he was “disappointed” by the latest development which will now cast a pall over the State’s moves to payout policyholders in time for Christmas."
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