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Showing 21 - 30 of 1485 results for "Master"

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... CSLR consultation is one pillar of a three-part consultation in response to the fallout from the Shield and First Guardian master fund collapses that impacted 11,000 super members and put more than $1 billion of their savings at stake. Running in parallel ...

APRA imposes additional licence conditions on Fiducian

RIDDHIMA TALWANI  |  WEDNESDAY, 1 APR 2026
... APRA deputy chair Margaret Cole said. APRA had written to platform trustees in the wake of the First Guardian and Shield Master Fund collapses, alerting them to the need to strengthen their investment governance processes. APRA said Fiducian lacked sufficiently ...

Super funds must protect members, says Kirkland

MATTHEW WAI  |  FRIDAY, 27 MAR 2026
The detriment of Shield and First Guardian Master Funds undermines trust in the superannuation system, ASIC commissioner Alan Kirkland warned, saying trustees must revise their processes to avoid exploitation by super switching schemes. Speaking at ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... weekly," she says. During that same week she was contacted by Aus Super Compare or AusCompare, a lead generator of the Shield Master Fund and First Guardian Master Fund that is now in liquidation. "It had a legitimate name, and I went on to research ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
Macquarie Investment Management breached the Corporations Act by failing to place the Shield Master Fund on a watch list, the Federal Court has found. Handing down findings today, Justice Wheelahan determined Macquarie should have placed the fun on ...

Sequoia advances InterPrac takeover talks

KARREN VERGARA  |  WEDNESDAY, 18 MAR 2026
... Crole flagged InterPrac was facing operational challenges as a result of its involvement in the Shield and First Guardian master fund failures. Chief among its issues is being blacklisted from several platforms, such as Macquarie and Netwealth. Yesterday ...

CALI pushes for advice reforms as Australians turn to AI

RIDDHIMA TALWANI  |  TUESDAY, 17 MAR 2026
... added advice reforms are now more critical than ever, particularly following the collapse of First Guardian and Shield Master Fund. "We have seen firsthand what happens when people don't have access to professional financial advice. They are left with ...

FEAL names Fund Executive of the Year

ELIZA BAVIN  |  FRIDAY, 13 MAR 2026
The 2026 FEAL Fund Executive of the Year was awarded to CareSuper chief executive Jason Murray. FEAL said Murray received the award in recognition of his outstanding leadership through two mergers, his innovative member first service model and his significant ...

Interprac sues AFCA over Shield determination

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2026
... AFCA in relation to complaints made against one of its representatives and the advice they provided regarding the Shield Master Fund. The determination related to a client who was a member of the Macquarie Superannuation Plan and lost most of his super ...

Former MWL Financial adviser banned for six years

ELIZA BAVIN  |  TUESDAY, 10 MAR 2026
... when she recommended they invest most of their superannuation into the High Growth class or the Growth class of the Shield Master Fund which were high risk investments. ASIC also found Terheci's Statements of Advice contained false and misleading statements ...