GigSuper sues trustee Diversa over forcing abrupt shutdown
A start-up super fund aimed at self-employed Australians that was shut down after it failed to reach scale has sued its trustee for breach of contract.
Source: afr.com
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Diversa Trustees CEO bagged employees, swore excessively: claim
Andrew Peterson allegedly retaliated against an executive concerned about “excessive swearing” and Diversa’s “poor oversight of its regulatory obligations”.
Maurice Blackburn Fiona Mcnabb George Aivazidis Josh Bornstein Compliance Services Pty Ltd Investments Commission
Source: afr.com
GigSuper co-founder says big not always best after fund collapse
The push for consolidation in the superannuation sector can’t be at the expense of all others, co-founder of the collapsed GigSuper fund says. Reports Nina Hendy.
Peter Stanhope Andrew Porter Martin Batur Australian Taxation Office Diversa Trustees Australian Prudential Regulation Authority
Source: investmentmagazine.com.au
Inside GigSuper's collapse
The super fund for self-employed savers, GigSuper, embarked on a crowdfunding capital raise two weeks after its trustee warned it was closing the fund. It then breached all its members’ privacy.
Peter Stanhope Paul Weston Diversa Mysuper Australian Prudential Regulation Authority Diversa Trustees Office Of The Australian Information
Source: afr.com