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”.
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.
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.
Source: afr.com