Search Results | Showing 91 - 100 of 191 results for "First Guardian" |
| | | ... investment schemes (MISs) falls short of addressing critical issues that could prevent another Shield Master Fund and First Guardian Master Fund disaster, the Financial Advice Association Australia (FAAA) says. The FAAA highlighted numerous omissions ... |
| | | | ... receive any distributions. The outcome finalises all lead decisions of entities related to the collapse of Shield and First Guardian, including MWL Financial Services, Financial Services Group Australia, and Interprac Financial Planning. |
| | | | ... Trustees is currently in the process of reviewing its superannuation business following its involvement in the First Guardian and Shield disasters. Willis Towers Watson also ran the Wycomp RSE, but it was closed down last year and no longer holds a licence. ... |
| | | | ... or super. "Australians urgently need a comprehensive set of consumer protections, or we risk further Shield and First Guardian-style collapses, which means more Australians losing money they have saved to live on in retirement," Schubert said. "Platforms ... |
| | | | ... complaints. The increase in complaints was spread across all financial products, including the demise of Shield and First Guardian Master Funds across the financial advice and superannuation sectors, AFCA said. Large-scale collapses in the financial ... |
| | | | ... to around 3000 affected Shield Master Fund investors and Netwealth pay $101 million to more than 1000 affected First Guardian Master Fund investors. "ASIC has secured record penalties in response to serious misconduct and is protecting Australians and ... |
| | | | Following the demise of the Shield and First Guardian master funds, regulatory pressure and being blacklisted from several platforms, Sequoia Financial Group is now reviewing the viability of InterPrac Financial Planning. Sequoia managing director and ... |
| | | | ... million. Given Praemium and OneVue are investment platform providers to Diversa Trustees, which has exposure to the First Guardian fund, the group previously flagged that FUA took a $286 million hit. "The exposure includes $176 million in YourChoice ... |
| | | | ... engagement, the lack of regulatory oversight of the asset class can result in outcomes like those seen with Shield and First Guardian Master Funds. "If there are 1000 people investing 100% of their SMSF in crypto, it creates an enormous structural risk ... |
| | | | ... relevant discipline qualifications, to come in," Waller said. "Unfortunately, because the issues like CSLR, Shield and First Guardian, all of these [reforms] have somewhat been delayed, and we're hearing that it's not on the regulatory radar at the moment." ... |
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