Federal One Nation Member for New England, Barnaby Joyce, has urged people to check their superannuation funds to ascertain if they may be linked to funds such as the Shield or First Guardian Master Funds which collapsed last year, robbing thousands of Australians of their retirement savings.
Mr Joyce has been demanding further, urgent government action to assist those people who have lost their money through no fault of their own to recover their retirement savings and to question and hold to account those involved with the mismanagement and loss of these funds.
The former Deputy prime Minister says he’s been advised by ASIC that around 11,000 investors are known to have invested in good faith their money, including their retirement savings into Shield and First Guardian, however there may be many more people who are unaware they have lost their money.
He again raised this issue in the House of Representatives during last week’s sitting of Parliament.
