An ex-Scottish Widows whistleblower who claims auditors have helped life companies cover up £40bn in guaranteed annuity rate (GAR) liabilities has had his request for a judicial review turned down.
Graham Senior-Milne (pictured), a former auditor, says some of the biggest names in accountacy have been involved in covering up GAR liabilities at nine unnamed life offices for at least a decade. He accuses the Institute of Chartered Accountants in England and Wales (ICAEW) of failing in its duty to investigate the issue, and had called for a judicial review into the actions of the professional body. But his request, the second he has lodged, was turned down yesterday at Leeds Administrative Court on the grounds it was too generalised. Senior-Milne says he will apply to the Court...
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