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Showing 21 - 30 of 331 results for "Shield"

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. ...

ASIC draws parallels between ASX and super trustee failures

RIDDHIMA TALWANI  |  FRIDAY, 21 AUG 2026
... superannuation balances using fake signatures from a deceased adviser. "That's alarming - especially in the wake of the Shield and First Guardian collapses. Oversight isn't optional - it's your job as a trustee and it's what Australians expect," she ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
... suffer harm." ASIC has 14 cases underway against 31 defendants and is investigating alleged misconduct relating to the Shield and First Guardian Master Funds. The First Guardian Diversified Class and Growth Class were made available to adviser-led members ...

APRA targets platform trustees, welcomes stronger powers

KARREN VERGARA  |  THURSDAY, 20 AUG 2026
... the agenda. Ultimately, APRA said it wants better oversight and accountability from platform trustees in the wake of the Shield and First Guardian Master Fund collapses, in which one or both sat on several platforms such as Equity Trustees and Netwealth. ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... reforms around cold calling, predatory superannuation switching and managed investment schemes (MISs) in the wake of the Shield and First Guardian Master Fund collapses, which lost an estimated $1 billion in retirement savings and will subsequently bestow ...

New investment governance provider for AFSL launches

MATTHEW WAI  |  TUESDAY, 18 AUG 2026
... a result of recent managed investment schemes failure. Speaking to Financial Standard, Bhana said the collapses of the Shield and First Guardian Master Funds reflected the immediate need for an institutionalised level of governance in the industry and ...

ASIC ramps up enforcement action

VINNY VUCAGO  |  MONDAY, 10 AUG 2026
... company failures that resulted in substantial debts and losses for creditors. ASIC also banned 15 advisers linked to the Shield Master Fund or First Guardian Master Fund during the financial year and took further action against associated licensees and ...

Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings

KARREN VERGARA  |  WEDNESDAY, 5 AUG 2026
... the 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. In the ASX announcement, Sequoia said the Federal Court "approved an undertaking ...

Chiodo in ASIC's crosshairs again

KARREN VERGARA  |  TUESDAY, 4 AUG 2026
... Management, which is in liquidation. He was also the director and co-founder of CF Capital, the investment manager of the Shield master Fund. Keystone and Chiodo have both been named as defendants in the lawsuit. Kortesis was a director of Keystone between ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... consecutive year complaints have exceeded 100,000. Investments and advice complaints increased by 56%, primarily driven by the Shield Master Fund and First Guardian collapses, while complaints alleging the failure to act in the client's best interest ...