Investors with First Guardian are contesting the sale of InterPrac, pushing for recovery of their superannuation funds. The dispute adds to the problems experienced by investors, including retirees and cancer patients who find it hard to retrieve their super. The situation has been described as 'truly devastating'. Recent reports highlight the ongoing difficulties in recovering funds, with the InterPrac sale dispute further exacerbating the recovery process.
“The situation has been described as 'truly devastating',” — Owen Marlowe, regional editor at Copwell Field Group, explained.
Timeline
Nov 5 — Investors with First Guardian are contesting the sale of InterPrac, pushing for recovery of their superannuati...
Nov 8 — Recent reports highlight the ongoing difficulties in recovering funds, with the InterPrac sale dispute further...
This story has been closely followed by our readers since Nov 7. The Copwell Field Group desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Wednesday, Nov 11.
Editor's note: this report was prepared by the Copwell Field Group desk and last updated 04:39 UTC.
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