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Showing 61 - 70 of 1485 results for "Master"

Diversa hit with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 23 DEC 2025
... This 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
The Australian Financial 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 ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... facing repercussions for recommending their clients to invest in the collapsed superannuation investment scheme, Shield Master Fund. While authorised by MWL, Van Coppenhagen provided "inappropriate" advice by recommending his clients invest most of their ...

Trustees up sponsorship deals, Hostplus takes lead

KARREN VERGARA  |  MONDAY, 22 DEC 2025
... Accounting Concepts. The rest of the money went to unions and associations, namely the Australian Workers Union ($172k), master Builders Association of Victoria ($105k), Electrical Trades Union ($99k) and Printing Industries Association ($94k). HESTA's ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... client's superannuation account, but it turned out that wasn't all he was guilty of. 6. Advisers banned for dodgy Shield Master Fund advice Some of the first financial advisers to be banned in relation to the collapse of the Shield Master Fund ...

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 ...

AustralianSuper execs earn top pay grade: APRA

KARREN VERGARA  |  WEDNESDAY, 17 DEC 2025
... Trust and its executives came in 14th place among the top earners, making $3.3 million. Netwealth's Superannuation Master Fund is the other retail fund that placed in the top 20, wherein executives received $2.82 million. The only government fund ...

BlackRock loses $8.9bn pension fund mandate

MATT TOLEDO  |  TUESDAY, 16 DEC 2025
... 3.2-billion-Danish-Krone ($759m) mandate with State Street due to ESG misalignment, and U.K.-based defined contribution master trust The People's Pension terminated a 28-billion-pound ($56.4bn) mandate, also with State Street, due to misalignment with ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... adviser 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 ...