Macquarie’s decision to compensate its superannuation customers who lost money in the collapse of the Shield managed investment scheme looks good, but – having been caught red-handed – it really had no choice, writes Simon Hoyle. And the way the compensation is structured will ultimately cost it a fraction of the headline figure.
Professional Planner is the leading voice for financial planners where they can learn about industry standards, get news, information, debate and develop new ideas.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Opinion
1