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Showing 31 - 40 of 292 results for "Shield"

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... advice and introduce 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 ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... 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 $75.7 million ...

APRA imposes additional licence conditions on Fiducian

RIDDHIMA TALWANI  |  WEDNESDAY, 1 APR 2026
... 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 Fiducian ...

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI  |  TUESDAY, 31 MAR 2026
... in February 2022 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 ...

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 ...

Law blocking abusers from hiding assets in super enters parliament

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2026
... agreement or award are exempt from the reforms. "This is because the intention is to prevent misuse of superannuation to shield the assets of perpetrators from their victims or survivors," the explanatory memorandum reads. "Certain other types of contributions ...

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 ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
... withdrawals for new 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 ...

FSC questions SMC's claim on younger members' super switches

RIDDHIMA TALWANI  |  MONDAY, 23 MAR 2026
... financial circumstances. It added concerns of misleading data risks distorting the policy debate following the failures of Shield and First Guardian. "It is simply not correct to infer that a superannuation consumer who has switched out of a default ...

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 ...