MPs want action on savings policy scandal

MPs have given finance minister Wouter Bos 10 days to come up with all the facts surrounding the apparent failure of his research institute IFO to carry out a proper investigation into the investment-based savings scheme scandal, the Volkskrant reports on Thursday.

On Wednesday Bos said there was a ‘breach of trust’ between himself and the institution. Earlier he had criticised an interim report as being totally inadequate.
The investigation was supposed to centre on the selling of millions of insurance and savings policies based on stock-market investments. In some cases, up to 40% of the premiums have been spent on related costs and agents’ fees.

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