Hands off the insurance fund

Wednesday 27th February 2008, 2:29PM GMT.

Social Security administrator Malcolm Nutley tells the media how the department had kept senior States bodies informed of progress on its computer system. (Picture by Peter Frankland, 0542004)

SOCIAL SECURITY must keep control of the Guernsey Insurance Fund, according to both the current minister and a predecessor.

At present the department has autonomy over its finances and over fund investment decisions.

But the Public Accounts Committee’s report into Social Security’s supposed £3m. overspend on its new computer system recommends that the States direct the Policy Council and Treasury to report on whether that autonomy should continue.