Big super funds and SMSFs could pay compensation for victims of financial misconduct
Melinda Kee thought her financial ordeal was almost over. But more than 12 months after she lodged a…
Financial misconduct compensation scheme faces $170 million cost blowout
A government scheme that provides compensation for victims of financial misconduct, including Australians who lost their retirement savings…
First critical step taken to recoup $160m for 600 Australians who lost money in collapsed fund Australian Fiduciaries
The critical first step has been taken in restoring some of the $160 million that hundreds of Australians…
Labor’s ‘morally wrong’ proposed self-managed super fund change for an opt-in mechanism incensing Australians
Labor’s “morally wrong” proposed change to self-managed super funds has incensed the sector as Australia mulls a blowout…
Hundreds of Aussies tap legal firm over $160m in lost super from Queensland-based Australian Fiduciaries Ltd
Hundreds of Australians have tapped a legal firm to receive compensation after losing $160 million of their super…
Shield and First Guardian raise the question, who pays when super funds collapse?
Thousands of First Guardian investors were dealt another devastating blow in December when it was revealed just $1.6…
Labor is messing around with your super (again)
The Albanese government has form in treating Australians’ superannuation as a policy tool for itself. In 2023, Treasurer…
Thousands of investors caught up in First Guardian, Shield collapses told super trustees may pay ‘remediation’
Thousands of investors who were exposed to heavy losses by investing their retirement savings into the First Guardian…