How to avoid a finance company collapse

Another week, another collapse. But investors can limit their potential risk.

This week was overshadowed by yet another finance company going into administration, the Queensland property financier Wickham Securities.

Investors – reported to be almost entirely superannuation funds, with the vast majority of them self-managed funds – stand to lose up to $27 million invested through unsecured deposit notes called debentures.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles