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Showing 1 - 10 of 1544 results for "Master"

Netwealth factors First Guardian collapse into executive pay

VINNY VUCAGO  |  WEDNESDAY, 11 NOV 2026
Netwealth's board considered the First Guardian Master Fund collapse when determining executive variable remuneration for FY26, as shareholders overwhelmingly supported the company's remuneration report at its annual general meeting (AGM). The remuneration ...

CALI recognises leadership potential

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2026
The Council of Australian Life Insurers (CALI) is recognising up-and-coming leaders in the industry with the launch of the ReCALIbrate Women in Life Insurance Pathway. Eight women have been recognised as movers and shakers in life insurance, working ...

ASIC takes action on Falcon Capital directors

KARREN VERGARA  |  MONDAY, 2 NOV 2026
ASIC is suing the directors of Falcon Capital, the responsible entity for the failed First Guardian Master Fund, alleging "serious and widespread failures" in their oversight. ASIC commenced civil penalty proceedings in the Federal Court against Falcon ...

Trustees drop the ball on advice fee oversight

MATTHEW WAI  |  THURSDAY, 22 OCT 2026
... deductions has always been in place but was only emphasised from the recent collapses of the Shield and First Guardian Master Funds. Ronchi said the advice fee reduction aspect falls into one of the many priorities trustees are handling currently, but ...

ASIC bans 14th adviser from MWL

MATTHEW WAI  |  MONDAY, 19 OCT 2026
... services for four years, after finding he failed to comply with best interest duty in relation to recommending the Shield Master Fund. Singh was authorised by MWL from 18 September 2023 to 23 December 2024, and was also an authorised representative of ...

Netwealth reports record $36bn FUM in Q1

MATTHEW WAI  |  THURSDAY, 15 OCT 2026
... its subsidiaries Netwealth Investments and Netwealth Superannuation Services in relation to investments in First Guardian Master Fund, which follows another class action against Macquarie Investment Management on a similar basis. The company compensated ...

FEATURE | Governance | Stumping up

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
... Plant, testified before last month's parliamentary committee inquiry into the collapse of the Shield and First Guardian master funds. The two funds were marketed as high-returning alternatives to mainstream super. They collapsed in 2024, costing ...

'Flawed' CSLR model needs to be redesigned: SMC

MATTHEW WAI  |  WEDNESDAY, 14 OCT 2026
... contributions shrink, the gap is spread across trustees that "had no part" in the collapses of First Guardian and Shield Master Funds. SMC added the government has also failed to address a viability assessment or any evidence supporting these changes. ...

ASIC sues another former Venture Egg adviser

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
... laws and provided unsuitable advice that directed hundreds of clients' superannuation into the collapsed First Guardian Master Fund. Saad was an authorised representative of Interprac Financial Planning between 17 June 2016 and 31 December 2021 and provided ...

Metrics freezes redemptions behind listed funds as audit stalls

RIDDHIMA TALWANI  |  WEDNESDAY, 30 SEP 2026
... on Monday. Those adjustments cut the net tangible asset (NTA) backing of the three listed funds: by 2% for the Metrics Master Income Trust (MXT), 10% for the Metrics Income Opportunities Trust (MOT) and 12% for the Metrics Real Estate Multi-Strategy ...
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