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Showing 91 - 100 of 440 results for "Guardian"

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA | TUESDAY, 16 DEC 2025

... and adviser services division flagged it is currently making healthy earnings but expects to take a hit from the First Guardian Master Fund and Shield Master Fund debacle. The unit, which is embroiled in the loss of $1 billion superannuation member money ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA | MONDAY, 15 DEC 2025

... it will only get bigger from here. The 2027 levy estimate is already $137 million - and that's without the First Guardian and Shield collapse, which could see it double." As it stands, the CSLR does not have the ability to claim against a company's ...

Mulino looks to reform CSLR

ELIZA BAVIN | THURSDAY, 11 DEC 2025

... FY26 special levy is $47.3 million, but this does not yet include the fallout from the high-profile Shield and First Guardian collapses, which will lead to further cost blow outs in the scheme." SMC said profit-to-member super funds are tightly regulated ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA | WEDNESDAY, 10 DEC 2025

... defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent." ASIC has thrown a slew of allegations at Diversa, starting ...

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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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