“CLICO investors dying out”

ed-bushell-new

WITH SOME MEMBERS dying before any resolution in the CLICO/BAICO insurance debacle, the head of the Barbados Association of Retired Persons (BARP) has called for quicker action to conclude the rescue deal.

“They don’t have a lot of time left and they need to have this thing settled within their lifetime, as rapidly as possible,” said Ed Bushell. “A lot of these people [who made the investment] were in their 70s and 80s so some would have gone on without any hope.”

The BARP leader was among more than 50 people attending the annual general meeting of the Barbados Investors & Policyholders Alliance (BIPA) at the St Gabriel’s School last Wednesday.

Bushell said BARP members were very concerned about the time being taken to resolve the problem, and he expressed mixed views about the current situation. (WILLCOMM)


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