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Showing 31 - 40 of 93 results for "First Guardian Master Fund"

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
Treasury is proposing a barrage of reforms that will curb dubious lead generator and superannuation switching activities and make platforms more accountable for the products they offer members. The Enhancing member protections in the superannuation ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... 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 ...

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
... 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 the company. AusCompare then allocated me ...

Sequoia advances InterPrac takeover talks

KARREN VERGARA  |  WEDNESDAY, 18 MAR 2026
... 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 ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
... has suspended expelling members in liquidation linked to the collapse of the Shield Master Fund and First Guardian Master Fund. This means United Global Capital (UGC) and Next Generation Advice, which are both in liquidation, will remain AFCA members. ...

MIS review ignores key issues: FAAA

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
... (MISs) falls short of addressing critical issues that could prevent another Shield Master Fund and First Guardian Master Fund disaster, the Financial Advice Association Australia (FAAA) says. The FAAA highlighted numerous omissions that should be addressed ...

AFCA receives record complaints in 2025

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in 2025, with 111,373 complaints filed in the 12 months to December 31 - up 14% from 2024. Since its establishment, AFCA has received more than 634,000 complaints. ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... 3000 affected Shield Master Fund investors and Netwealth pay $101 million to more than 1000 affected First Guardian Master Fund investors. "ASIC has secured record penalties in response to serious misconduct and is protecting Australians and safeguarding ...

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
Following the demise of the Shield and First Guardian master funds, regulatory pressure and being blacklisted from several platforms, Sequoia Financial Group is now reviewing the viability of InterPrac Financial Planning. Sequoia managing director and ...