{"id":1042,"date":"2025-07-16T21:33:11","date_gmt":"2025-07-16T21:33:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/1042\/"},"modified":"2025-07-16T21:33:11","modified_gmt":"2025-07-16T21:33:11","slug":"compensation-scheme-of-last-resort-eyes-300m-bill-for-scheme-failures","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/1042\/","title":{"rendered":"Compensation Scheme of Last Resort eyes $300m bill for scheme failures"},"content":{"rendered":"

Compensation for thousands of consumers who could lose their retirement savings with the collapse of the First Guardian and Shield Master Trust investment schemes could top out at $300 million, despite almost $1 billion in superannuation being at risk between the two entities.<\/p>\n

The warning from the Compensation Scheme of Last Resort comes as the two companies are pursued by the Australian Securities and Investments Commission<\/a>, with the regulator successfully obtaining orders restricting the travel of two company directors connected to First Guardian.<\/p>\n

Loading…<\/p>\n","protected":false},"excerpt":{"rendered":"Compensation for thousands of consumers who could lose their retirement savings with the collapse of the First Guardian…\n","protected":false},"author":2,"featured_media":1043,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":["post-1042","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/1042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=1042"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/1042\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/1043"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=1042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=1042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=1042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}