A class action against Macquarie Investment Management over its role in the collapse of the Shield master fund claims it should compensate investors for investment returns they missed out on by not being invested somewhere else. It echoes the controversial “but for” determinations made by AFCA, which from June next year will be eliminated.
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.
Analysis