Thursday, 2 July 2026 Newsarchy UK live index
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Superannuation

CSLR faces $170m shortfall as First Guardian, Shield claims surge

CSLR faces $170m shortfall as First Guardian, Shield claims surge

A surge in claims from the collapse of the First Guardian and Shield super funds has created a $170 million funding gap for the Compensation Scheme of Last Resort. Government officials are considering widening the industry levy base to address the shortfall.

Business ·2 Jul 2026, 05:09 ·Maeve Turner 3 min read