The latest issue of Financial Standard now available as an e-newspaper

READ NOW

ASIC seeks compensation for Shield victims from EQT

BY ELIZA BAVIN | MONDAY, 13 OCT 2025 11:42AM

Equity Trustees said it will continue to defend itself in the proceedings and is considering seeking orders forcing other parties involved to compensate victims' losses.

Upgrade your subscription to access this article

And gain access to:

All website content, including archived news
Home page news customisation
Tech Zone, your technical resource library

And more

Already A Subscriber?

UPGRADE SUBSCRIPTION

VIEW COMMENTS

Related News

►	Second bidder emerges for Equity Trustees
►	APRA targets platform trustees, welcomes stronger powers
►	First Guardian victims advance in case against InterPrac
►	Mulino unveils sweeping reforms to cold calling, MISs
►	ASIC ramps up enforcement action
►	ASIC draws parallels between ASX and super trustee failures
►	Federal Court confirms Netwealth's First Guardian failures
►	Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding
►	Global investment manager bids for Equity Trustees
►	HUB24 loans $78m to HTFS, beefs up ORFR reserves

Editor's Choice

ASX launches first Australian bond and credit index futures

VINNY VUCAGO

ASX has launched Australia's first exchange traded bond and credit index futures, giving institutional investors a new way to manage exposure to the domestic fixed income market.

Second bidder emerges for Equity Trustees

MATTHEW WAI

Following TPG Global's initial bid for Equity Trustees' holding company last week, a local investor has joined with an improved offer.

HESTA reduces fees, minimum balance for income stream

MATTHEW WAI

HESTA will reduce administration fees and lower the minimum balance required to start an income stream account from September 30.

AMP North appoints head of strategic growth

RIDDHIMA TALWANI

AMP North has appointed Emma Kirk as head of strategic growth, marking her return to the financial services giant after two decades.

Videos

Brought to you by

Product showcase: A guaranteed future

MAX: Marketing, Advertising and Sales Excellence Awards | Highlights 2026

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE

Effie Dimitropoulos

Chief executive

AUDD

Digital assets and where they stand in 2026

So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.

READ MORE

Jessica Sclafani

Global retirement strategist

T. Rowe Price

Rethinking default design in a changing market environment

The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.

READ MORE

Industry Events

MORE INDUSTRY EVENTS

OCT

Featured Profile

MORE PROFILES

After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.

READ MORE