I don't know how you can say "and we must not forget, no superannuant was pecuniarily affected in a negative way." You and I must be reading different news items.The crux of APRA's action is that Questor and IIML used their own funds (profits) to compensate non-superannuation investors for losses caused by Questor, IIML or their service providers. But when it came to compensating superannuation beneficiaries the source of the compensation was the reserve component of the pool of superannuation funds under management.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional