VIDEO: Retirement funds collapse leaving Australians devastated Australian Broadcasting CorporationMining worker Phil, 61, was forced to cancel his retirement after losing $240,000 9News.com.auPhil was just months away from retiring with a hard-earned $240,000 nest egg. Then one phone call saw his golden years snatched away Daily MailPhil was just months away from retiring with $240,000. Then one phone call changed everything MSN