Aug 28, 2026 – 12.29pmSuperhero will push to remove its $2.1 billion superannuation fund from being managed by troubled trustee Diversa, since the latter was linked to the high-profile collapse of the First Guardian investment scheme.Diversa acts as a third-party trustee that holds assets on behalf of superannuation funds to monitor risk and ensure compliance for clients. Among its largest clients are Superhero and Praemium, and both have consistently complained their members are overcharged by Diversa but have been blocked from finding a new trustee provider.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Superhero seeks to dump Diversa as trustee, others may exit
Superhero lodged plans to separate from the First Guardian-linked trustee, which will be watched by its other unhappy clients who are also keen to change.
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