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Showing 11 - 20 of 330 results for "Shield"

Tribunal affirms InterPrac, FSGA adviser bans

MATTHEW WAI  |  FRIDAY, 11 SEP 2026
... financial advisers from InterPrac Financial Planning and Financial Services Group Australia (FSGA) who were involved in the Shield and First Guardian master funds for five years. Andrew Hanley and Shane Monte Silva received their verdicts after applying ...

'Easy peasy, done': Senate rips Equity Trustees' checklist governance

RIDDHIMA TALWANI  |  THURSDAY, 10 SEP 2026
... committee tore into Equity Trustees' governance at a hearing today, with one senator calling its approach to onboarding Shield and First Guardian a "checklist model", a characterisation the trustee rejected. The committee revealed Equity Trustees' ...

Crole banned for 10 years after abrupt exit from Sequoia

MATTHEW WAI  |  TUESDAY, 8 SEP 2026
... representatives, such as Venture Egg and Rhys Reilly advised "thousands" of clients to invest their super into the First Guardian and Shield master funds. Both funds have now collapsed, with over $1.2 billion, and counting, of retirement funds that was ...

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA  |  MONDAY, 31 AUG 2026
... trusteeship business via its subsidiary Equity Trustees Superannuation Limited (ETSL), after facing continued scrutiny over the Shield and First Guardian collapses. ASIC is going after Equity Trustees on a number of fronts, which include alleged failures ...

Sequoia revokes dividends, chief financial officer exits

RIDDHIMA TALWANI  |  MONDAY, 31 AUG 2026
... 15% from $124.1 million in the previous year. Sequoia said the business was directly affected by the First Guardian and Shield Master Fund failures, attributing the decline largely to the reduction in adviser numbers from 294 in July 2025 to 110 June ...

FAAA pushes to expand NCA to financial advisers

RIDDHIMA TALWANI  |  FRIDAY, 28 AUG 2026
... entities where it wasn't necessary to charge a fee. But the government, over time, before we ran into the complication of Shield and First Guardian, had agreed as the result of a lot of advocacy to extend it to include advice practices and allow ...

Super trustee business dents Equity Trustees' FY26 results

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
... compliance with licence conditions," Equity Trustees said. Despite ongoing legal issues with ASIC, the assessment of the Shield and First Guardian matters "remains unchanged", with no additional provisions or contingent liabilities recognised beyond ...

Sequoia gives InterPrac sale a second shot

ELIZA BAVIN  |  THURSDAY, 27 AUG 2026
... regulator's intervention would have seen the Sequoia group of entities divest itself of liabilities stemming from the Shield and First Guardian master fund collapses.

Second bidder emerges for Equity Trustees

MATTHEW WAI  |  MONDAY, 24 AUG 2026
... failed to exercise the same degree of care, skill and diligence as a prudent superannuation trustee would in respect of the Shield Master Fund. It also failed to act in the best financial interests of its members, do all things necessary to ensure the ...

Trustees, platforms, cyber risk under APRA spotlight

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... firing warning shots at trustees and platforms, in particular, which have been in the hot seat since the collapse of the Shield and First Guardian master funds. "Trustees offering platforms should expect intensive and risk-based supervisory oversight. ...