Aussie retirees count the cost of fund managers behaving badly
ANALYSIS: Australia’s A$4.2 trillion superannuation sector is big but it’s not perfect. Just ask 12,000 people who might lose everything.
WATCH: NBR senior journalist Lachlan Colquhoun speaks with Simon Shepherd.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Imagine, if you can, the nightmare of losing almost all of the money you have saved for your retirement through investing in a dodgy scheme that goes bust.
That has been the bitter experience of more than 12,000 Australians who have lost a collective A$1.2 billion ($1.3b) through investing in three
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