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Showing 51 - 60 of 94 results for "First Guardian Master Fund"

Netwealth's APRA-mandated governance overhaul underway

RIDDHIMA TALWANI  |  THURSDAY, 22 JAN 2026
... with ASIC in December under which it said it will repay $101 million to super members who accessed the First Guardian Master Fund on its platform. Netwealth said it recognises the importance of this work in enhancing industry standards and is well positioned ...

EQT stands firm on defence, blames ASIC, third parties

KARREN VERGARA  |  MONDAY, 19 JAN 2026
... options made available to members. However, Netwealth has admitted it did not sufficiently assess the First Guardian Master Fund before making it available to super members and will repay $101 million to victims.

MWL complainants given $100k in lead decision outcome

MATTHEW WAI  |  MONDAY, 19 JAN 2026
... interest. In December, AFCA unveiled the lead decisions for complaints involving Shield Master Fund and First Guardian Master Fund to increase efficiency in processing similar complaints. While lead decisions can provide a general overview of how AFCA ...

Small win for First Guardian victims amid platform transition

JAMIE WILLIAMSON  |  MONDAY, 5 JAN 2026
... YourChoice Super were essentially forced to remain members of the funds throughout the liquidation of the First Guardian Master Fund. During this time, they were required to maintain a minimum balance of $2500 and were charged some fees. From tomorrow ...

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI  |  MONDAY, 5 JAN 2026
... risk and compliance across the board is expected to rise. The collapse of Shield Master Fund and the First Guardian Master Fund has sharpened the industry's focus on governance, accountability, and operational resilience. APRA's new CPS 230 operational ...

Diversa hit with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 23 DEC 2025
... comes in the wake of ASIC launching legal action against Diversa for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. ASIC alleges Diversa failed to conduct adequate due diligence before ...

AFCA streamlines approach to over 1800 Shield, First Guardian complaints

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... Complaints Authority (AFCA) has released details of its lead decision approach for Shield Master Fund and First Guardian Master Fund complaints, aiming to deliver a "consistent and fair" outcome for all affected investors. The lead decisions for MWL ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
After admitting it didn't sufficiently assess the First Guardian Master Fund before making it available to super members, Netwealth is being sued by ASIC and will repay $101 million to victims. More than 1000 investors had their money in the First ...

Equity Trustees hit with additional licence conditions

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... reiterated ETLS does not consider itself responsible for the losses incurred by members who invested in the First Guardian Master Fund or Shield Master Fund. It's estimated about $73 million was lost by Shield investors, while members of super funds ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... services division flagged it is currently making healthy earnings but expects to take a hit from the First Guardian Master Fund and Shield Master Fund debacle. The unit, which is embroiled in the loss of $1 billion superannuation member money thanks ...