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Showing 91 - 100 of 1533 results for "Master"

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
... that during his tenure with MWL, McPherson recommended some clients invest most of their superannuation into the Shield Master Fund (Shield), all classes of which were deemed high risk. Finding McPherson to be not fit, not proper and not competent, and ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
... Treasury has opened another review into the $2 trillion managed investment scheme (MIS) sector off the back of the Shield Master Fund and First Guardian Master Fund collapses. This time, the Enhancing oversight and governance of managed investment schemes ...

Federated Hermes enters local wholesale market

ANGELIQUE MINAS  |  MONDAY, 9 FEB 2026
... fund. As a feeder fund, it invests in an AUD-denominated share class of the Federated Hermes Project and Trade Finance Master Fund, the firm said. The new income solution offers Australian wholesale investors access to the trade finance asset class for ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... launching today to assist some 9000 victims who have yet to file a complaint in relation to the Shield and First Guardian Master Funds, as the deadline for some fast approaches. Funded by ASIC, the new website was launched by Super Consumers Australia ...

MLC ramps up corporate super push

ELIZABETH FRY  |  THURSDAY, 5 FEB 2026
... expertise and a pioneering spirit." MLC's parent Insignia Financial appointed Woodall to lead the superannuation and Master Trust division about 18 months ago. He joined joining Australian Retirement Trust where he served as chief commercial offi ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... better consumer protections in super in the upcoming Federal Budget following the collapses of the Shield and First Guardian Master Funds. SMC's pre-budget submission said high-risk products like Shield and First Guardian have shown the need for urgent ...

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... pay approximately $120,000 in compensation to a complainant over inappropriate advice provided in relation to the Shield Master Fund, the Australian Financial Complaints Authority (AFCA) lead decision reveals. In this case, the complainant received financial ...

'No benefit in switching super': AFCA finalises FSGA lead decision

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... In December, AFCA said it received more than 1800 complainants in relation to the collapse of Shield and First Guardian Master Funds. To resolve the large number of similar cases efficiently and fairly, it adopted the lead decision approach, allowing ...

New vertical integration model to sprout in 2026: Report

KARREN VERGARA  |  FRIDAY, 23 JAN 2026
... Worn said, noting this is also reflected in its booming share price. While the collapse of the First Guardian and Shield master funds detracted Netwealth in 2025, Worn predicts this will only have a short-term impact on share price performance. "[The ...

Netwealth's APRA-mandated governance overhaul underway

RIDDHIMA TALWANI  |  THURSDAY, 22 JAN 2026
... agreement with ASIC in December under which it said it will repay $101 million to super members who accessed the First Guardian Master Fund on its platform. Netwealth said it recognises the importance of this work in enhancing industry standards and ...