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…
As Australia’s retirement savings grow into world’s second biggest, government to review consumer protections
Australia’s $4.3 trillion superannuation sector is on track to become the world’s second-largest retirement savings pool by 2031.…
First Guardian, Shield superannuation disasters expose deep flaws in Australia’s $4.3 trillion retirement system
Utterly broken after investing almost $370,000 of her retirement savings into the now-collapsed First Guardian Master Fund and…
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 in the First Guardian…