Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 440 results for "Guardian"

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

RIDDHIMA TALWANI  |  MONDAY, 23 MAR 2026
... 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 fund on the ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
... steps to identify and respond to risks." There are three other lawsuits brought by ASIC in relation to Shield and First Guardian in train, being those against Diversa Trustees, Equity Trustees Superannuation, and Interprac Financial Planning.

Government looks to better define roles of regulators

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... sector. During his speech, Mulino also touched on the public policy questions that have been raised by the Shield and First Guardian collapses. "One is around governance and accountability for managed investment schemes, and this is an issue which has ...

Sequoia advances InterPrac takeover talks

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

ASIC considers changes to net asset requirements

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2026
... thresholds were amended was in July 2013. ASIC said now is an appropriate time to review in the wake of the Shield and First Guardian collapses. "In light of recent scheme collapses, we have focused our review on the NTA requirement for responsible entities ...

CALI pushes for advice reforms as Australians turn to AI

RIDDHIMA TALWANI  |  TUESDAY, 17 MAR 2026
... their money. CALI added advice reforms are now more critical than ever, particularly following the collapse of First Guardian and Shield Master Fund. "We have seen firsthand what happens when people don't have access to professional financial advice. ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
... Authority (AFCA) 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 ...

MIS review ignores key issues: FAAA

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
... investment schemes (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 ...

AFCA reveals outcome of final lead decision

MATTHEW WAI  |  MONDAY, 2 MAR 2026
... receive any distributions. The outcome finalises all lead decisions of entities related to the collapse of Shield and First Guardian, including MWL Financial Services, Financial Services Group Australia, and Interprac Financial Planning.

Future Group to buy Towers Watson RSE licence

JAMIE WILLIAMSON  |  FRIDAY, 27 FEB 2026
... Trustees is currently in the process of reviewing its superannuation business following its involvement in the First Guardian and Shield disasters. Willis Towers Watson also ran the Wycomp RSE, but it was closed down last year and no longer holds a licence. ...