This is the real PIF tragedy; not on their RADAR!Will Commitee...

This is the real PIF tragedy; not on their RADAR!
Will Commitee members be more attentive from 3 submissions on
PIF?/2007/10,300+/$755,000 and counting
============================================
Submission 201 Industry Super Australia

Table 1 – Financial collapses in Australia between 2006-2010
Company/ Year of Collapse/Clients Affected/ Total Losses/
-------------
Storm Financial 2009 Margin lending/
Financial Planning $830 million
------------------
Timbercorp / Great Southern
2009 Managed Investment Schemes (MIS)
18,000 (Timbercorp) 47,000 (GS)/$3 billion+
--------------------------
Opes Prime 2008 Non-standard margin loan, or
‘equity finance/
1,200 retailcustomers/up to $1 billion
-------------------------
Bridgecorp 2007 Property Investment/
Unknown 14,500 $459 million
----------------------------
Westpoint 2006 Margin Lending 52,414 $388 million
Fincorp 2007 Property Investment
8,102 $201 million
--------------------------------
Trio/Astarra 2009 Corporate and
Retail Super
6,000 approx. $176 million
---------------------------------
Commonwealth Financial Planning Limited
2009-2010 Financial Planning Unknown.
1,127 clients receiving compensation
$50 million in compensation.
Actual losses unknown.
------------------------------