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Showing 111 - 120 of 440 results for "Guardian"

Vale Ken Atchison

KARREN VERGARA  |  MONDAY, 10 NOV 2025
The founder of consultancy firm Atchison, Ken Atchison, has passed away. "Ken established the firm in 2001 with a clear vision. To provide institutional-grade investment advice grounded in independent thinking, strategic clarity, and a firm belief in ...

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 ...

Future Fund returns top $200bn since inception

RIDDHIMA TALWANI  |  MONDAY, 3 NOV 2025
Australia's sovereign wealth fund's returns exceeded $200 billion in September for the first time since its inception. The Future Fund achieved an annual return of 8.3% over the past decade, exceeding the targeted mandate of 7%. It provided a return ...

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 ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... under Part 23 of the Superannuation Industry (Supervision) Act 1993 in order to compensate members impacted by the First Guardian failure. This morning, the listed platform and superannuation provider said it had applied to minister for financial services ...

Shield, First Guardian fallout calls for tougher scrutiny on research houses, licensee governance

MATTHEW WAI  |  FRIDAY, 24 OCT 2025
The fall of the Shield Master Fund and First Guardian Master Fund calls for tougher scrutiny of research houses and licensees to strengthen their governance framework, according to experts, who warn that an entrenched system requires an urgent shakeup. ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... around 140 financial advisers who were involved in super switching misconduct relating or similar to Shield and First Guardian. "We had a paper at the one of our commission meetings yesterday where there are 140 individuals that we are in the process ...