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Showing 171 - 180 of 507 results for "Guardian"

SQM vows to 'respectfully' defend ASIC case

MATTHEW WAI  |  TUESDAY, 18 NOV 2025
... also commenced legal proceedings against MWL Financial Services and Interprac Financial Planning over Shield and First Guardian advice failures.

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 ...

NZ Super Fund appoints people and culture lead

ANGELIQUE MINAS  |  MONDAY, 17 NOV 2025
The Guardians of New Zealand Superannuation has appointed Leona Cheffins as general manager for people and culture, effective today. Cheffins brings over 20 years of experience in the financial services industry. Beginning her career as a finance and ...

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 ...

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 ...