Public discussion needed to secure NI fund

Tuesday, 20 May 2014 00:00

The Island's National Insurance fund is healthy now - but its bleak future requires public discussion.

That's according to chief financial officer Malcolm Couch who is best placed to communicate the policy aspects of developing a sustainable security system.

Currently sitting pretty at £650m the fund is set to peak at around 2036 or 2037 and then begin a sharp decline.

He says it's the best time to find an alternative to the current UK-like system:

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