Looks like NWL has caved and followed MQG to pay out $101M. A bit surprised but after Macquarie I guess had no choice.

I guess this puts it behind them and this gives them the moral high ground too whilst the comments limit them to having to do so in the future for a similar event. Well played in the circumstance.

Interesting to see if NWL ponies up and pays too - Macquarie to repay Shield investors after super platform failures - ABC News Not sure what their exposure was. Equity Trustees looks like they're going to court and not caving.

Was always a risk for NWL when they add almost every Fund. It is why a lot of advisers/ fund managers preferred them as they're easy to deal with compared to the legacy funds that were burnt in the Royal Commission.

Article on FUM flows - Super industry flows: AustralianSuper, HUB24 lead the way - Professional Planner