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Showing 11 - 20 of 298 results for shield

Equity Trustees opts out of super trustee business

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
... trusteeship business via its subsidiary Equity Trustees Superannuation Limited (ETSL), after facing continued scrutiny over the Shield and First Guardian collapses. Equity Trustees commenced a strategic review of its super business early this year. It ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... trustee as part of our investigations. It means that ASIC has now commenced proceedings against every super trustee that made Shield or First Guardian available on its platform. This work to date has resulted in the return to investors of more than $400 ...

Super funds push back on CSLR: SMC

VINNY VUCAGO  |  TUESDAY, 2 JUN 2026
... safety will stop continuous flooding of the scheme. Merely tinkering around the edges on safety will only lead to more Shield and First Guardian style collapses," Schubert said.

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... legal action from ASIC, accused of not doing enough to prevent superannuation members losing millions of dollars from the Shield Master Fund's collapse. In August 2025, ASIC took Equity Trustees to court over its alleged due diligence failures concerning ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... blame has been apportioned, saying AFCA "did not adequately take account of the conduct of other parties connected with the Shield Master Fund when allocating responsibility for losses arising from the fund's collapse." AFCA said the newly announced ...

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

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... (REs), as well as the regulation of 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 ...

Heightened cyber threats require greater accountability on governance

MATTHEW WAI  |  WEDNESDAY, 27 MAY 2026
... the past year, and experts are advising financial services businesses to enhance their security framework, not only to shield their digital infrastructure but to also to ensure their governance policies remain compliant. Addressing the Salesforce Financial ...

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

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... launched separate proceedings against Equity Trustees in August 2025, alleging failures in due diligence concerning the Shield Master Fund which oversaw around $160 million of retirement savings into Shield through its fund. ASIC said over $65 million ...

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

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... Association (SIAA) 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 ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... savings following the collapse of First Guardian and has been advocating for other victims of First Guardian as well as Shield. AFCA determined InterPrac should compensate Kee for $368,093.11 plus interest. InterPrac, however, is contesting this, saying ...