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

READ NOW

Search Results

Showing 91 - 100 of 149 results for "First Guardian"

Mulino taps super sector to help pay CSLR special levy

ELIZA BAVIN | WEDNESDAY, 10 DEC 2025

... and improve stability and confidence in the superannuation and financial services sectors, saying the Shield and First Guardian collapses have highlighted the need for reform. "We are considering targeted reforms to deal with the issues across the whole ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA | TUESDAY, 9 DEC 2025

ASIC is suing Diversa Trustees for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. In the Federal Court, ASIC put forth several allegations, starting with Diversa failing to conduct adequate ...

1659 First Guardian, Shield complaints reach AFCA

KARREN VERGARA | MONDAY, 8 DEC 2025

The number of Shield Master Fund and First Guardian Master Fund-related complaints lodged with the Australian Financial Complaints Authority (AFCA) has grown to 1659. AFCA said the latest figure represents the total as at December 3. AFCA did not provide ...

Chalmers accused of sitting on advice for MIS reforms

ELIZA BAVIN | THURSDAY, 4 DEC 2025

... report still sits with the government." The discussion arose as Senators were asking questions about the Shield and First Guardian collapses. Some members of the committee inferred Chalmers has been sitting on advice for reforms for some time, and certainly ...

Sequoia shares dive nearly 50%

KARREN VERGARA | TUESDAY, 25 NOV 2025

... impact it would have on its share price. The AFR published an article titled ASIC sues SQM, Sequoia in fresh Shield, First Guardian blitz at 9:51 am AEDT on November 13. Sequoia's share price opened at 28.5 cents that morning. It dropped to a low ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI | MONDAY, 24 NOV 2025

... keep money aside for emergencies and follow strict rules to protect their members. The answer to the Shield and First Guardian collapses is not to send the bill for those risks to millions of everyday Australians in the mainstream super system, the SMC ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON | THURSDAY, 20 NOV 2025

... general meeting this morning, Sequoia chair Mike Ryan said the litigation brought by ASIC last week over Shield and First Guardian was not unexpected and the allegations were not reflective of "any new development". He reinforced the group's plan ...

Prevention of Shield, First Guardian-like events the focus from here on: Mulino

MATTHEW WAI | THURSDAY, 20 NOV 2025

Establishing a framework to prevent disasters like the Shield Master Fund and First Guardian Master Fund from happening again will be the focus moving forward, minister for financial services Daniel Mulino told the Financial Advice Association Australia ...

Conaghan holds ASIC accountable for Shield, First Guardian mess

KARREN VERGARA | THURSDAY, 20 NOV 2025

The shadow minister for financial services Pat Conaghan has thrust ASIC front and centre of the First Guardian and Shield Master Fund collapses, saying it should take accountability for its delayed action and it is high time for its reformation. Conaghan ...

SQM vows to 'respectfully' defend ASIC case

MATTHEW WAI | TUESDAY, 18 NOV 2025

... also commenced legal proceedings against MWL Financial Services and Interprac Financial Planning over Shield and First Guardian advice failures.

PAGE:

Federal Court lifts Merhi's travel ban

KARREN VERGARA

Former financial adviser Ferras Merhi is now free to travel as the Federal Court lifted travel restraint orders imposed one year ago.

Hostplus delivers double-digit FY26 returns

RIDDHIMA TALWANI

Hostplus Balanced (MySuper) option delivered members 10.8% for the financial year 2025-26, while the Indexed Balanced option and the High Growth option returned members 11.06% and 12.61% respectively.

ASIC levy estimates jump 19% as regulator ramps up funding

VINNY VUCAGO

ASIC has lifted its estimated industry funding levy by almost 20% for 2025-26, with regulated entities expected to shoulder $400.5 million in regulatory costs as the corporate watchdog expands its supervision and enforcement activities.

GQG bleeds over US$7bn in FUM in June

MATTHEW WAI

Despite recording positive investment performance, GQG Partners observed a significant outflow, with net outflows of $4.62 billion recorded in the month of June, as FUM slipped to $225 billion at June end, compared to $235.5 billion in the month prior.

Videos

Brought to you by

Product showcase: A guaranteed future

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

Follow the leaders

Strength amid noise

Maintaining a fundamental focus in a world obsessed with the short term

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

The market has changed. The opportunity hasn't.

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

JUL

Advisers Big Day Out - Geelong

Featured Profile

MORE PROFILES

Blake Briggs

CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL

Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

READ MORE