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| | | ... Worn said, noting this is also reflected in its booming share price. While the collapse of the First Guardian and Shield master funds detracted Netwealth in 2025, Worn predicts this will only have a short-term impact on share price performance. "[The ... |
| | | | ... agreement 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 ... |
| | | | ... institutional outflows of $1.6 billion from direct asset management capabilities and $758 million of net outflows from master trust. Net inflows into the wrap business were $1.5 billion and multi-asset solutions saw net inflows of $779 million within ... |
| | | | ... access is now common, but the strategic challenge remains trust. Firms should define a clear gold standard for the data master that LLMs and analytics can reliably reference," Deloitte Global investment management leader Julia Cloud said. "Dynamic organisations ... |
| | | | ... action from ASIC, accused of not doing enough to prevent superannuation members losing millions of dollars from the Shield Master Fund's collapse. In 2023, HUB24 entered a custody and technology solutions agreement with EQT. Some $1.5 billion was migrated ... |
| | | | Equity Trustees (EQT) is standing firm on defending itself against culpability for the Shield Master Fund collapse and ensuing investor losses, blaming ASIC for not doing its job, as well as third-party providers for their failures. Releasing its Summary ... |
| | | | ... not act in the complainant's best 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 ... |
| | | | ... 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 ... |
| | | | ... up the heat on super funds, hiring in 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 ... |
| | | | ... to be a key enforcement priority for ASIC." Notably, BDO is also the auditor of the collapsed investment scheme Shield Master Fund, which confirmed that Keystone Asset Management, the responsible entity of Shield, had complied with the compliance plan ... |
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