Australian Retirement Trust billion dollar bungle

Australian Retirement Trust billion dollar bungle

By James Daniel

Australian Retirement Trust (ART) chief investment officer Ian Patrick says the decision to shift its MySuper investors into a higher growth option was a straightforward call.

On that basis it is implied that ART and its predecessors have made a bungle. Billions of dollars have been lost through this bungle in the past 20-30 years. MySuper investors who should have already been in a high growth option for decades of their working life, but instead languished in lower growth options.

Any MySuper investors rightly seeking compensation against ART’s decision makers, advisors and their insurers better contact James Daniel at D&D Law to register their interest, provide their contact details and sign our engagement documents.

This publication is provided for information purposes only and is not (and should not be relied upon as) legal advice. Each individual circumstances differ. Please contact us if we may help you with your circumstances.

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