Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 506 results for "Guardian"

Netwealth reports $4bn net inflows

ELIZA BAVIN  |  THURSDAY, 16 APR 2026
... net flows to remain mostly unchanged from FY25, and an EBITDA margin of around 49%, excluding any impact from the First Guardian fund collapse. Netwealth added it has launched a range of artificial intelligence (AI) training courses across the business ...

NZ Super Fund in court defeat over human rights issues

JAMIE WILLIAMSON  |  THURSDAY, 16 APR 2026
... were materially contributing to human rights breaches. In a judgment released this morning, the High Court found: "The Guardian's policies fail to meet the basic requirements of the Act ( New Zealand Superannuation and Retirement Income Act 2001 ) so ...

ASIC acts against another former FSGA adviser

JAMIE WILLIAMSON  |  MONDAY, 13 APR 2026
... An adviser that ASIC said was experienced enough to know better than to advise clients to invest in Shield and First Guardian has been banned for five years. Shane Monte Silva failed to act in certain clients' best interests when he told them to switch ...

ASIC bans former adviser Rhys Reilly for 10 years

KARREN VERGARA  |  MONDAY, 13 APR 2026
... has been banned from working in financial services for 10 years for "serious misconduct" in which he flogged the First Guardian Master Fund in return for conflicted remuneration. ASIC's investigation into Reilly, which remains ongoing, found he accepted ...

NZ Super chair's term extended by two years

MATTHEW WAI  |  MONDAY, 13 APR 2026
John Williamson will continue to chair the Guardians of New Zealand Superannuation for a further two years, following his appointment in March 2024. His term will now conclude in October 2028. Announcing the reappointment today, New Zealand Finance ...

ASIC concerns over Interprac sale 'unfounded': Sequoia

JAMIE WILLIAMSON  |  FRIDAY, 10 APR 2026
... the licensee by the Australian Financial Complaints Authority (AFCA) regarding its involvement in the Shield and First Guardian collapses. "Sequoia believes that concern is unfounded," it stated today. "Interprac will remain a party to the ASIC Deed ...

Former Venture Egg adviser permanently banned

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2026
... was actively involved in the dodgy referral processes that led to significant client losses due to the Shield and First Guardian collapses is now banned. Aristotle Papapavlou is permanently banned from any involvement in the financial services and credit ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... sustainability of the CSLR and the best way for the industry to fund it. These reforms are in response to the Shield and First Guardian collapses, which saw more than 11,000 Australians invest over $1 billion into high-risk and inappropriate products. ...

Sale of Interprac raises eyebrows at ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 8 APR 2026
... complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. There are currently more than 900 open complaints with AFCA in relation to advice provided by Interprac ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... codification obligations for receiving super funds to review advice fee deductions. "The collapses of Shield and First Guardian have highlighted conduct where switching advice was provided at scale, facilitated by the availability of superannuation balances ...