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Regulatory

ASIC calls out trustees 'passing the buck' on super switching

ASIC fired a stern warning to superannuation funds about "passing the buck" to financial advisers and shedding responsibility for overlooking dodgy investment options as the fallout from the Shield Master Fund and First Guardian Master Fund mounts to $1 billion in losses.

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Read more: ASICFirst Guardian Master FundShield Master FundFinancial Services CouncilJoe LongoUnited Global Capital