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Showing 41 - 50 of 292 results for "Shield"

Government looks to better define roles of regulators

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... financial services 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 ...

Sequoia advances InterPrac takeover talks

KARREN VERGARA  |  WEDNESDAY, 18 MAR 2026
... and chief executive 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 ...

ASIC considers changes to net asset requirements

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2026
... NTA financial 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 ...

CALI pushes for advice reforms as Australians turn to AI

RIDDHIMA TALWANI  |  TUESDAY, 17 MAR 2026
... 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. They ...

Interprac sues AFCA over Shield determination

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2026
... issued by AFCA in relation to complaints made against one of its representatives and the advice they provided regarding the Shield Master Fund. The determination related to a client who was a member of the Macquarie Superannuation Plan and lost most ...

Former MWL Financial adviser banned for six years

ELIZA BAVIN  |  TUESDAY, 10 MAR 2026
... interests when she recommended they invest most of their superannuation into the High Growth class or the Growth class of the Shield Master Fund which were high risk investments. ASIC also found Terheci's Statements of Advice contained false and misleading ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
... Australian Financial Complaints 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 ...

MIS review ignores key issues: FAAA

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
... fresh review into managed 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 ...

AFCA reveals outcome of final lead decision

MATTHEW WAI  |  MONDAY, 2 MAR 2026
... their existing superannuation into establishing a self-managed super fund (SMSF) and invest in three funds, including the Shield Master Fund. AFCA was told that the firm's advice involved an unnecessary and inappropriate level of risk. UGC took over ...

Future Group to buy Towers Watson RSE licence

JAMIE WILLIAMSON  |  FRIDAY, 27 FEB 2026
... 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. It's ...