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Showing 51 - 60 of 149 results for "First Guardian"

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. ...

Research reveals 'alarming spike' in super switching

ELIZA BAVIN  |  FRIDAY, 27 FEB 2026
... or super. "Australians urgently need a comprehensive set of consumer protections, or we risk further Shield and First Guardian-style collapses, which means more Australians losing money they have saved to live on in retirement," Schubert said. "Platforms ...

AFCA receives record complaints in 2025

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
... complaints. The increase in complaints was spread across all financial products, including the demise of Shield and First Guardian Master Funds across the financial advice and superannuation sectors, AFCA said. Large-scale collapses in the financial ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... to around 3000 affected Shield Master Fund investors and Netwealth pay $101 million to more than 1000 affected First Guardian Master Fund investors. "ASIC has secured record penalties in response to serious misconduct and is protecting Australians and ...

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
Following the demise of the Shield and First Guardian master funds, regulatory pressure and being blacklisted from several platforms, Sequoia Financial Group is now reviewing the viability of InterPrac Financial Planning. Sequoia managing director and ...

OneVue adviser exits dents Praemium's FUA

KARREN VERGARA  |  MONDAY, 23 FEB 2026
... million. Given Praemium and OneVue are investment platform providers to Diversa Trustees, which has exposure to the First Guardian fund, the group previously flagged that FUA took a $286 million hit. "The exposure includes $176 million in YourChoice ...

SMSFs avoid advisers due to lack of asset-specific support

MATTHEW WAI  |  FRIDAY, 20 FEB 2026
... engagement, the lack of regulatory oversight of the asset class can result in outcomes like those seen with Shield and First Guardian Master Funds. "If there are 1000 people investing 100% of their SMSF in crypto, it creates an enormous structural risk ...

Process to become an adviser remains 'unattractive': SMSFA

MATTHEW WAI  |  THURSDAY, 19 FEB 2026
... relevant discipline qualifications, to come in," Waller said. "Unfortunately, because the issues like CSLR, Shield and First Guardian, all of these [reforms] have somewhat been delayed, and we're hearing that it's not on the regulatory radar at the moment." ...

Equity Trustees places superannuation arm under review

JAMIE WILLIAMSON  |  THURSDAY, 19 FEB 2026
As it continues to face scrutiny over the Shield and First Guardian collapses, Equity Trustees has commenced a strategic review of its superannuation business. As part of its half year results announcement this morning, Equity Trustees said it is reviewing ...

Netwealth reports HY loss after $100m payment to First Guardian victims

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
... Netwealth has reported a half year net loss of $2.2 million after refunding more than $100 million to victims of the First Guardian Master Fund collapse. Excluding the First Guardian expense, Netwealth said net profit after tax would have grown 19.9% ...