A financial planning giant faces legal action over advice to invest in funds now in liquidation. Photo: James Ross/AAP PHOTOS

A company accused of overseeing thousands of Australians being exposed to dodgy super funds says it will vigorously defend a lawsuit against the financial watchdog.

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InterPrac is accused of failing to ensure representatives they authorised were complying with the law when they recommended 6843 clients invest around $677 million in two now-collapsed funds.

Shield Master Fund and First Guardian Master Fund were liquidated earlier in 2025 after investigators fou

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