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Showing 101 - 110 of 149 results for "First Guardian"

SMC makes recommendations to safeguard super

ELIZA BAVIN | MONDAY, 17 NOV 2025

... the corporate regulator continues to launch legal action against those involved in the collapses of Shield and First Guardian. ASIC deputy chair Sarah Court said the misconduct was on an "industrial scale." SMC said the First Guardian and Shield collapses ...

Estimated CSLR levy comes in at $127m for FY27

JAMIE WILLIAMSON | MONDAY, 17 NOV 2025

... to be payable by the financial advice industry in FY27 will be $126.9 million - but that doesn't account for First Guardian and Shield. In total, the initial estimate for FY27 is $137.5 million. With $126.9 million expected to be paid by financial ...

SQM Research faces court over 'favourable' rating of Shield

MATTHEW WAI | THURSDAY, 13 NOV 2025

... currently assessing the claim and declined to make further comment. SQM Research also provided ratings for the First Guardian Master Fund. Earlier this year, SQM Research managing director Louis Christopher explained the assigned ratings, stating that ...

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON | THURSDAY, 13 NOV 2025

... and Rhys Reilly Pty Ltd advised about 6843 clients to invest some $677 million into the Shield Master Fund and First Guardian Master Fund. Of these, Venture Egg and its principal Ferras Merhi advised 2930 clients to invest a total of $243 million in ...

Super performance test, DBFO reforms coming: Government

ELIZA BAVIN | WEDNESDAY, 12 NOV 2025

... anything, there's a bit more nuance to it now that we need to think through how we're going to respond to First Guardian and Shield and that broader set of risks around advice." But he said this will not cause additional delays, saying they're ...

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA | THURSDAY, 6 NOV 2025

... activities particularly in the pre-vetting process. Kirkland pointed to the collapses of the Shield Master Fund and First Guardian Master Fund as the "worst-case scenario" for switching superannuation funds based on bad advice. "SMSF trustees should ...

ASIC considers 'cooling off period' for super switching

ELIZA BAVIN | THURSDAY, 6 NOV 2025

... chair Joe Longo has said introducing "frictions" into the super switching process could help avoid a repeat of the First Guardian and Shield "catastrophe". "No one wants to preside over a problem like this if there are some potential solutions. So, I ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON | THURSDAY, 30 OCT 2025

... Netwealth's lead and make an application to the government under Part 23 of the SIS Act for help in making First Guardian and Shield investors whole. Speaking at the Equity Trustees annual general meeting today, managing director Mick O'Brien ...

Crown Wealth director banned for two years

KARREN VERGARA | THURSDAY, 30 OCT 2025

... aggressively pursued a technical issue against Crown, he said, large-scale investment fund failures such as the First Guardian Master Fund and the Shield Master Fund have caused widespread financial harm to Australians. "The cynic in me would say ASIC ...

Court blocks Merhi from financial services

KARREN VERGARA | TUESDAY, 28 OCT 2025

... officers. The latest interim injunctions form part of ASIC's ongoing investigations into the Shield Master Fund and First Guardian Master Fund. Merhi, who was also the principal of Venture Egg and Financial Services Group Australia (FSGA), had his ...

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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.

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