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Showing 31 - 40 of 440 results for "Guardian"

Former Venture Egg adviser permanently banned

JAMIE WILLIAMSON | THURSDAY, 9 APR 2026

... was actively involved in the dodgy referral processes that led to significant client losses due to the Shield and First Guardian collapses is now banned. Aristotle Papapavlou is permanently banned from any involvement in the financial services and credit ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI | THURSDAY, 9 APR 2026

... sustainability of the CSLR and the best way for the industry to fund it. These reforms are in response to the Shield and First Guardian collapses, which saw more than 11,000 Australians invest over $1 billion into high-risk and inappropriate products. ...

Sale of Interprac raises eyebrows at ASIC

JAMIE WILLIAMSON | WEDNESDAY, 8 APR 2026

... complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. There are currently more than 900 open complaints with AFCA in relation to advice provided by Interprac ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA | WEDNESDAY, 8 APR 2026

... codification obligations for receiving super funds to review advice fee deductions. "The collapses of Shield and First Guardian have highlighted conduct where switching advice was provided at scale, facilitated by the availability of superannuation balances ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA | WEDNESDAY, 8 APR 2026

... financial advice industry is expected to pay the $126.9 million CSLR levy for FY27. This amount does not account for First Guardian and Shield. The total amount for the wider industry, however, comes to $137.5 million. The levy has jumped from an estimated ...

APRA imposes additional licence conditions on Fiducian

RIDDHIMA TALWANI | WEDNESDAY, 1 APR 2026

... outcomes practices," 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 ...

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI | TUESDAY, 31 MAR 2026

... under the supervision of Merhi of Venture Egg, who has since been charged over his involvement in the Shield and First Guardian disaster. Merhi was subsequently banned from working in financial services. On 2 September 2022, Hogan became an authorised ...

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

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

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA | MONDAY, 23 MAR 2026

... business for remaining advisers, despite their not being involved whatsoever with the failures of the Shield and First Guardian funds has had a large bearing on Sequoia's divestment decision." Sequoia has already slashed $4.7 million in intangible ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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