Latest from our consulting blog
Macquarie to repay Shield investors after super platform failures
Macquarie Investment Management has committed to repaying thousands of Australians who invested hundreds of millions of their retirement savings in the collapsed Shield Master Fund (Shield) amid admissions it contravened the Corporations Act.
Rest sued for misleading conduct
Corporate watchdog has accused the $60 billion REST Super of misleading and deceptive conduct, alleging the industry superannuation fund tried to stop members transferring their savings to a better performing fund.
ANZ, IOOF hit with class action over super gouging
Plaintiff law firm Slater & Gordon is taking action in the Federal Court against ANZ Bank and its former superannuation business now owned by IOOF.
Commonwealth Bank and Colonial First State reaped superannuation profits even when fund members’ balances fell
Over a four-year period CBA’s Colonial First State arm generated $1.42bn in profit after tax including in periods when funds it ran shrank or stagnated