CANADA - A House of Commons Public Accounts Committee emergency meeting today is to investigate allegations of a cover up in the enquiry into the Royal Canadian Mounted Police (RCMP) pension fund scandal.
Attendees at Wednesday’s meeting discussing the findings of a report into the scandal heard witnesses claim disgraced ex-commissioner Giuliano Zaccardelli, along with current and former RCMP officers, acted fraudulently.
Retired staff sergeant Ron Lewis told the house he tried to expose wrongdoings in meetings with senior officers: “I was met with inaction delays, roadblocks, obstructions and lies.”
He continued: “A culture was created by several senior executives where it was a danger for employees to report wrongdoings.”
The report found some CAN$3.4m (US$2.9m) in improper expenses, along with another CAN$1.3m, were charged to the plan to cover, amongst others, payments to friends and family as temporary staff.
Some excessive fees brought no value to the fund and some competition controls were not adhered to.
Although the RMCP found grounds to carry out disciplinary proceedings, it did not take action owing to the amount of time that had passed.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.