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.
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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