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Showing 11 - 20 of 149 results for "First Guardian"

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... Economics Committee over the time it has taken to act against Falcon Capital, the responsible entity for the collapsed First Guardian Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after taking over the role, said the ...

Super funds push back on CSLR: SMC

VINNY VUCAGO  |  TUESDAY, 2 JUN 2026
... exceeded several years of the scheme's original actuarial costs forecasts, with claims related to the Sheild and First Guardian collapses yet to fully emerge. The council criticised a proposed "levy waterfall" model that would spread costs across ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... alleged due diligence failures concerning the Shield Master Fund. HUB24 has maintained it has never hosted the First Guardian or Shield master funds on its platform. Effective May 29, HTFS must appoint an independent expert to review investment menus ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... the issuance of determinations. InterPrac is currently taking action against a former client and victim of the First Guardian Master Fund collapse for an AFCA determination it does not agree with. This is on top of the advice group's lawsuit against ...

'No basis' to ban independent trustee model: Equity Trustees

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... lead generators. It said the most critical point of failure in the value chain regarding Shield Master Fund and First Guardian Master Fund were the two responsible entities. "The misuse of scheme assets for purposes other than investment as disclosed ...

Cbus pushes for lead generator ban

VINNY VUCAGO  |  TUESDAY, 26 MAY 2026
... products. Cbus argued the practice was contributing to consumer harm, pointing to the collapse of the Sheild and First Guardian funds, where more than 11,000 Australians collectively lost over $1 billion after many were persuaded to invest after clicking ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This comes after the regulator also launched separate proceedings against Equity Trustees in August 2025, alleging ...

Mulino targets retail investor protections, high-risk MISs: SIAA

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... Conference heard this morning, flagging how regulators will use their new funding bonanza to prevent another Shield and First Guardian Master Fund disaster. Providing more details about how the government is approaching new regulation around MISs, which ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
InterPrac Financial Planning is taking action against a former client and victim of the First Guardian Master Fund collapse for an Australian Financial Complaints Authority (AFCA) determination it is vehemently contesting. The new proceeding comes off ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. Sequoia previously assured shareholders ASIC's concerns around the sale of InterPrac were "unfounded" ...