{"id":52245,"date":"2025-08-08T06:29:25","date_gmt":"2025-08-08T06:29:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/52245\/"},"modified":"2025-08-08T06:29:25","modified_gmt":"2025-08-08T06:29:25","slug":"how-1-billion-in-retirement-savings-vanished","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/52245\/","title":{"rendered":"How $1 Billion in Retirement Savings Vanished"},"content":{"rendered":"<p>Australia\u2019s superannuation system has long been the envy of the world &#8211; a reliable savings scheme designed to secure our retirement.<\/p>\n<p>But a major scandal has shaken that confidence.<\/p>\n<p>This week on The Economy, Stupid, we investigate what could be the biggest superannuation scam in Australian history &#8211; with more than a billion dollars in retirement savings missing from First Guardian-linked funds.<\/p>\n<p>So if our super isn\u2019t safe, \u00a0who\u2019s to blame? And what does it mean for the rest of us?<\/p>\n<p>Guests:<\/p>\n<p>Cliona O&#8217;Dowd &#8211; Financial services reporter at The Australian<\/p>\n<p>Nassim Khadem &#8211; Business reporter for ABC News\u00a0<\/p>\n<p>Get in touch:\u00a0<\/p>\n<p>We read all of your emails, and appreciate each one. Please keep them coming <a class=\"Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2\" href=\"https:\/\/www.abc.net.au\/listen\/programs\/the-economy-stupid\/the-economy-stupid\/mailto:theeconomy.stupid@abc.net.au\" data-component=\"Link\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">theeconomy.stupid@abc.net.au<\/a>\u00a0or use the #PeterMartinEconomy on Instagram to get our attention.<\/p>\n","protected":false},"excerpt":{"rendered":"Australia\u2019s superannuation system has long been the envy of the world &#8211; a reliable savings scheme designed to&hellip;\n","protected":false},"author":2,"featured_media":52246,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,43776,354,184,185,5792],"class_list":{"0":"post-52245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-first-guardian","13":"tag-fraud","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-superannuation"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/52245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=52245"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/52245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/52246"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=52245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=52245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=52245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}