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

Search Results

Showing 1 - 10 of 332 results for "Shield"

FAAA says super trustees should stump up for CSLR

RIDDHIMA TALWANI  |  THURSDAY, 8 OCT 2026
... allocation should be zero." FAAA also recommended Treasury reassess superannuation trustees as connected to the failures of Shield and First Guardian and be allocated to pay the CSLR. "The exclusion of superannuation trustees in relation to Shield and ...

ASIC sues another former Venture Egg adviser

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
... entities, Atlas Marketing and United Capital, received about $34 million from entities connected to the First Guardian and the Shield Master Funds, with some of the funds allegedly used for his personal benefit and that of associated individuals and ...

APRA flexes fresh powers, zeros in on trustees

ELIZA BAVIN  |  WEDNESDAY, 30 SEP 2026
... be supported by consistently strong safeguards, rigorous oversight and timely action when risks emerge. The failures of Shield and First Guardian demonstrate the serious harm that can occur when members accumulate concentrated holdings in poor or unsuitable ...

Netwealth to defend First Guardian class action

RIDDHIMA TALWANI  |  FRIDAY, 25 SEP 2026
... Legal has also commenced a class action against Macquarie Investment Management, alleging the investors in the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought ...

Treasury consults to improve data visibility into MISs

RIDDHIMA TALWANI  |  WEDNESDAY, 23 SEP 2026
... consultation for managed investment schemes (MISs) to provide more data to help identify emerging risks earlier. The collapse of Shield and First Guardian highlighted gaps in regulators' visibility of the sector, which costed Australians $1 billion of ...

Equity Trustees pushes bidders for better price

RIDDHIMA TALWANI  |  TUESDAY, 22 SEP 2026
... failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund and Shield Master Fund. Both collapses have led close to $143 million in losses to members in funds under Equity Trustees' ...

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
... Gordan Legal commenced a class action against Macquarie Investment Management, alleging the investors in the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought ...

Shield investors launch Macquarie class action

VINNY VUCAGO  |  FRIDAY, 18 SEP 2026
... Gordan Legal commenced a class action against Macquarie Investment Management, alleging the investors in the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought ...

Sequoia plots potential restructure

MATTHEW WAI  |  FRIDAY, 18 SEP 2026
... relation to complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. The loss from the managed investment schemes is totalling over $1 billion from thousands of ...

Paul Chiodo sues Shield-linked City Built, director for $200m

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... Chiodo is suing City Built, its director Roberto Filippini, and members of his family, who are tied to the collapse of the Shield Master Fund, for $200 million, alleging they engaged in a wide-ranging scheme that led to substantial property construction ...
PREVIOUS
NEXT