The question needs to be asked of our responsible entity,...

The question needs to be asked of our responsible entity, WELLINGTON CAPITAL LTD, just what benefit the PIF has received through the appointment of Ginette Muller and FTI consulting. The recent media reports do not inspire confidence to other investors in the same position who also have FTI on the payroll.

What they are about to receive - from the judge

Read more: http://www.theage.com.au/business/what-they-are-about-to-receive--from-the-judge-20130809-2rnga.html#ixzz2bjAMoYNo
Extracted from above article:
Justice Dalton said she could not trust FTI to do the right thing by members, and ordered the wind-up.
''Extravagant waste of members' funds'', ''sniping and argumentative'' affidavits, sending ''misleading'' statements to creditors, said the judge, and on it went. ''My view is that they have preferred their own commercial interests to the interests of the fund.''


That leaves investors with a discredited administrator (FTI) in charge of an insolvent responsible entity (LMIM), charging up to 5.5 per cent management fees on top of a receiver (BDO).