Macquarie has agreed to pay back $321 million to ~3,000 investors after admitting it breached its obligations in the collapse of the Shield Master Fund. Meanwhile, thousands more across the First Guardian & Shield collapses could lose over $1 billion in retirement savings.

#Australia #Superannuation #SuperCollapse #ASIC #Macquarie #Finance #RetirementRisk #BrokenSystem

https://www.news.com.au/finance/superannuation/macquarie-to-pay-back-aussies-321m-after-shield-master-fund-collapse/news-story/1f8ea084a647af8c347aff1b209b71b2