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Showing 41 - 50 of 173 results for "First Guardian"

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This comes after the regulator also launched separate proceedings against Equity Trustees in August 2025, alleging ...

Mulino targets retail investor protections, high-risk MISs: SIAA

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... Conference heard this morning, flagging how regulators will use their new funding bonanza to prevent another Shield and First Guardian Master Fund disaster. Providing more details about how the government is approaching new regulation around MISs, which ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
InterPrac Financial Planning is taking action against a former client and victim of the First Guardian Master Fund collapse for an Australian Financial Complaints Authority (AFCA) determination it is vehemently contesting. The new proceeding comes off ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. Sequoia previously assured shareholders ASIC's concerns around the sale of InterPrac were "unfounded" ...

Investors the biggest losers in 2026 Budget

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
... review to focus on governance and oversight of registered MISs used by retail investors following the collapses of First Guardian and Shield Master Funds. The aged care sector will receive a $3.7 billion boost to increase the supply of residential aged ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... review to focus on governance and oversight of registered MISs used by retail investors following the collapses of First Guardian and Shield Master Funds, where over $1 billion of retirement savings were lost. The Super Members Council (SMC) welcomed ...

ASIC bans property wealth coach operating without licence

RIDDHIMA TALWANI  |  MONDAY, 11 MAY 2026
... behaviour. Treasury has also opened a review into the $2 trillion MIS sector off the back of the Shield Master Fund and First Guardian Master Fund collapses. A new MIS regulatory framework will have stricter compliance plan requirements, such as a detailed ...

Performance test reforms to curb benchmark hugging: Treasury

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
... modernise and strengthen the performance test can provide strong protections in light of the collapse of Shield and First Guardian. Super Members Council chief executive Misha Schubert said the fact that tens of thousands of Australians have been exposed ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
... fixed to make sure "this isn't going to become an unsustainable mess." He noted that with the inclusion of First Guardian and Shield Master Funds complaints, amounting to some $125 million, the CSLR will reach the annual cap of $250 million, along ...

Lead generation a 'conveyor belt of harm': Longo

RIDDHIMA TALWANI  |  THURSDAY, 7 MAY 2026
... consumer harm". Lead generation activities have been in the purview of the regulator after the collapse of Shield and First Guardian. Many victims transferred their superannuation savings into the risky investments after a call from a lead generator ...