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Showing 51 - 60 of 331 results for "Shield"

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... launched separate proceedings against Equity Trustees in August 2025, alleging failures in due diligence concerning the Shield Master Fund which oversaw around $160 million of retirement savings into Shield through its fund. ASIC said over $65 million ...

Mulino targets retail investor protections, high-risk MISs: SIAA

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... Association (SIAA) Conference heard this morning, flagging how regulators will use their new funding bonanza to prevent another Shield and First Guardian Master Fund disaster. Providing more details about how the government is approaching new regulation ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... savings following the collapse of First Guardian and has been advocating for other victims of First Guardian as well as Shield. AFCA determined InterPrac should compensate Kee for $368,093.11 plus interest. InterPrac, however, is contesting this, saying ...

Law blocking abusers hiding super assets passes parliament

VINNY VUCAGO  |  FRIDAY, 15 MAY 2026
... said the Treasury Laws Amendment (The Survivors Law) Bill 2026 closes a loophole that previously enabled perpetrators to shield assets inside superannuation accounts. Under the reforms, victim survivors can apply for a court order to access additional ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... relation to complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. Sequoia previously assured shareholders ASIC's concerns around the sale of InterPrac were ...

Investors the biggest losers in 2026 Budget

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
... focus on governance and oversight of registered MISs used by retail investors following the collapses of First Guardian and Shield Master Funds. The aged care sector will receive a $3.7 billion boost to increase the supply of residential aged care accommodation ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... focus on governance and oversight of registered MISs used by retail investors following the collapses of First Guardian and Shield Master Funds, where over $1 billion of retirement savings were lost. The Super Members Council (SMC) welcomed the decision ...

ASIC bans property wealth coach operating without licence

RIDDHIMA TALWANI  |  MONDAY, 11 MAY 2026
... deceptive or unconscionable behaviour. Treasury has also opened a review into the $2 trillion MIS sector off the back of the Shield Master Fund and First Guardian Master Fund collapses. A new MIS regulatory framework will have stricter compliance plan ...

Performance test reforms to curb benchmark hugging: Treasury

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
... opportunities to modernise and strengthen the performance test can provide strong protections in light of the collapse of Shield and First Guardian. Super Members Council chief executive Misha Schubert said the fact that tens of thousands of Australians ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
... make sure "this isn't going to become an unsustainable mess." He noted that with the inclusion of First Guardian and Shield Master Funds complaints, amounting to some $125 million, the CSLR will reach the annual cap of $250 million, along with the ...