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Thousands of Australians may never recover retirement savings lost in First Guardian fund collapse

1 source1 article First seen 11 hours ago Updated 11 hours ago Australia Truth score 37

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Image from Daily Mail

Summary

More than 12,000 investors were affected when the funds collapsed in May 2024, with the schemes owing about $1.2billion.

Description from Daily Mail.

Who is covering this

Daily Mail Center Factuality: Mostly factual GB 11 hours ago
Thousands of Australians may never recover retirement savings lost in First Guardian fund collapse
More than 12,000 investors were affected when the funds collapsed in May 2024, with the schemes owing about $1.2billion.

Truth score

37/100Weakly supported

Independent outlets: 1
Source reliability: 63/100
Sides of the spectrum covering it: 1/3
Propaganda risk: 0/100

How well the story is corroborated by independent, reliable outlets across the spectrum. Not a fact-check of each claim. How the truth score works

Coverage by lean

C 100%

Left: 0
Centre: 1
Right: 0
Not rated: 0

How lean is counted

Source quality

Average reliability: 63/100 (Mostly factual)
Low-credibility outlets: 0%
State media: 0%
Opinion pieces: 0%

Where ratings come from

Where the coverage comes from

United Kingdom1