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…
Investors consider class action against super trustees after First Guardian and Shield collapses
Natasha Langby feels she has nothing left to lose. The 55-year-old says she pumped tens of thousands of…
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…
Superannuation switching trend sees billions flow out of retail funds, at a risk
For many Australians, superannuation doesn’t occupy their routine thoughts until they hit their 40s. By that time, people…
ASIC says too many Australians’ retirement savings being wiped out
The Australian Securities and Investments Commission (ASIC) has called out platforms that manage Australians’ retirement savings for a…
Troubled InterPrac sold for $50k
Sequoia has found a buyer to offload its troubled InterPrac licensee to, collecting just $50,000 in the sale, with its…
Cricket: Kiwi Brett Randell makes history with five wickets in five balls for Central Districts
In Randell’s 37 previous first-class matches, the 30-year-old had only claimed more than five wickets in an innings…
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…
Netwealth strikes ASIC deal to compensate First Guardian investors
Financial services company Netwealth has agreed to pay more than $100 million to more than 1,000 clients who…
More players involved in Shield, First Guardian collapses face ASIC legal action
Australia’s corporate watchdog is suing Interprac — the licensee that oversaw financial planners — over alleged failures that…
US firm’s space armor provides hypersonic shielding for spacecraft
As the amount of orbital debris continues to rise, a US materials manufacturer has unveiled a new shielding…
First Guardian super trustee Diversa ‘ticked off’ investments, says former financial adviser Ferras Merhi
A former financial adviser involved in placing thousands of clients into the since-collapsed First Guardian Master Fund says…