Australia’s superannuation system has long been the envy of the world – a reliable savings scheme designed to secure our retirement.
But a major scandal has shaken that confidence.
This week on The Economy, Stupid, we investigate what could be the biggest superannuation scam in Australian history – with more than a billion dollars in retirement savings missing from First Guardian-linked funds.
So if our super isn’t safe, who’s to blame? And what does it mean for the rest of us?
Guests:
Cliona O’Dowd – Financial services reporter at The Australian
Nassim Khadem – Business reporter for ABC News
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