A Gold Coast couple swept up in the disintegration of a $160m superannuation managed investment scheme have been left “gutted” and are fighting to have their hard-earned retirement savings returned to them.
John Barron, 67, and his wife Vickie, 66, are among a number of people the Bulletin has spoken to who invested their superannuation in a managed investment scheme called Australian Fiduciaries Limited (AFL).
AFL and 22 related companies liquidation-600-retirement-investors-face-losses/news-story/22dc46109e236cf21847ae7edf0ea992″ title=”www.goldcoastbulletin.com.au” data-tgev=”event119″ data-tgev-container=”bodylink” data-tgev-order=”22dc46109e236cf21847ae7edf0ea992″ data-tgev-label=”business” data-tgev-metric=”ev”>went into liquidation on August 8.
Mr Barron, an environmental services team leader at the Gold Coast University Hospital, invested $175,000 in AFL in December 2020.
Another couple in their 50s on the Gold Coast invested $300,000 – their entire life savings – in the scheme.
“It just feels extremely surreal at the moment. I just feel sick thinking about it,” the woman said.
“I suppose it’s one of those things you don’t think is going to happen to you.
“I just feel like I’m living a bit of a nightmare at the moment. I’ve got other personal things going on, and this has just added a huge burden at the moment.”
Mr Barron understood he would have more control over his investment and be able to withdraw funds easily. But that turned out not to be the case for him.
“I feel…