Andrew Hobbs

Wealth reporter who investigates and reports on the Shield, First Guardian and Australian Fiduciaries superannuation scandals and interviews affected investors.

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Oct 8, 2025 • 25min

Inside the biggest investment scandal in 15 years

Andrew Hobbs, a wealth reporter who investigates superannuation scandals, joins financial columnist Tony Boyd to delve into a $1.2 billion investment crisis. They discuss how online recruitment funneled retirees into risky funds, exploring the rapid growth and subsequent collapse of the Shieldmaster fund. Highlighting emotional investor stories and the failures of gatekeepers and trustees, they assess the regulatory landscape and recommend urgent reforms to protect future investors from similar pitfalls.

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