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

Search Results

Showing 101 - 110 of 331 results for "Shield"

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 ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
A new website is 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 ...

Advisers need more support: FAAA submission

ANGELIQUE MINAS  |  THURSDAY, 5 FEB 2026
... should be key priorities for the federal government, the FAAA said. Abood described the collapses of Dixon Advisory, UFG, Shield and First Guardian as highlighting the need for more to be done to recover funds from those responsible, who have been hit ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... government to include 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 ...

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

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... need to 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 ...

Government consults on victim access to child sex abusers' super

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... entitled to. This Bill establishes a clear principle that convicted perpetrators cannot use the superannuation system to shield assets from lawful compensation orders," Mulino said. "It reflects the tireless work of survivors and advocates who have long ...

ASIC welcomes new chair

KARREN VERGARA  |  TUESDAY, 3 FEB 2026
... protecting everyday Australians has rarely been more important, as the regulator continues its investigations into the Shield and First Guardian schemes. We look forward to working with Sarah to strengthen deterrence against financial crime and protect ...

Hiring for risk, member services to take off

JAMIE WILLIAMSON  |  THURSDAY, 29 JAN 2026
... was a sharp uptick at the end of 2025 in the number of wrap platforms hiring for risk roles. This came in the wake of the Shield and First Guardian collapses, with the increased regulatory scrutiny pushing platform operators to hire to shore up emerging ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... Australians to better identify risks to their retirement savings. It currently has 12 court cases underway related to the Shield and First Guardian matters. Poor insurance claims handling, significant outage resulting from the implementation of CHESS ...

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

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... $200,000 financial loss. 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 ...