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Showing 61 - 70 of 173 results for "First Guardian"

APRA imposes additional licence conditions on Fiducian

RIDDHIMA TALWANI  |  WEDNESDAY, 1 APR 2026
... outcomes practices," APRA deputy chair Margaret Cole said. APRA had written to platform trustees in the wake of the First Guardian and Shield Master Fund collapses, alerting them to the need to strengthen their investment governance processes. APRA said ...

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI  |  TUESDAY, 31 MAR 2026
... under the supervision of Merhi of Venture Egg, who has since been charged over his involvement in the Shield and First Guardian disaster. Merhi was subsequently banned from working in financial services. On 2 September 2022, Hogan became an authorised ...

Super funds must protect members, says Kirkland

MATTHEW WAI  |  FRIDAY, 27 MAR 2026
The detriment of Shield and First Guardian Master Funds undermines trust in the superannuation system, ASIC commissioner Alan Kirkland warned, saying trustees must revise their processes to avoid exploitation by super switching schemes. Speaking at ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... same week she was contacted by Aus Super Compare or AusCompare, a lead generator of the Shield Master Fund and First Guardian Master Fund that is now in liquidation. "It had a legitimate name, and I went on to research the company. AusCompare then allocated ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
... business for remaining advisers, despite their not being involved whatsoever with the failures of the Shield and First Guardian funds has had a large bearing on Sequoia's divestment decision." Sequoia has already slashed $4.7 million in intangible ...

FSC questions SMC's claim on younger members' super switches

RIDDHIMA TALWANI  |  MONDAY, 23 MAR 2026
... circumstances. It added concerns of misleading data risks distorting the policy debate following the failures of Shield and First Guardian. "It is simply not correct to infer that a superannuation consumer who has switched out of a default fund on the ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
... steps to identify and respond to risks." There are three other lawsuits brought by ASIC in relation to Shield and First Guardian in train, being those against Diversa Trustees, Equity Trustees Superannuation, and Interprac Financial Planning.

Government looks to better define roles of regulators

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... 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 an issue which has ...

Sequoia advances InterPrac takeover talks

KARREN VERGARA  |  WEDNESDAY, 18 MAR 2026
... 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 and Netwealth. ...

ASIC considers changes to net asset requirements

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2026
... 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 responsible entities ...