Service seeks to protect DIY super funds from misconduct

By John Collett
Updated June 28 2018 - 1:42pm, first published August 4 2016 - 12:00am
Self managed super fund members have no government compensation scheme in the event of fraud
Self managed super fund members have no government compensation scheme in the event of fraud

WHEN members of self-managed super funds lose money due to theft or fraud, they are on their own. While members of large super funds are eligible for the government compensation scheme, the only recourse for DIY super funds is costly civil action in the courts. That's a gap in the market that Rainmaker Group, a financial services information company, aims to close with its SuperGuard360 service.

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