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Showing 71 - 80 of 440 results for "Guardian"

Future Fund adds $30bn to FUM in 2025

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
The Future Fund returned 12.4% in the 12 months to 31 December 2025, adding some $29.54 billion to funds under management (FUM), ending the year at $267.4 billion. The long-term return also exceeded the fund's mandate target (7%), coming in at 8.5% ...

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... said. AFCA initially published the lead decision for various advice businesses that were involved with Shield and First Guardian to streamline over 1800 complaints in December. The outcomes for Financial Services Group Australia and MWL Financial Services ...

ASIC welcomes new chair

KARREN VERGARA  |  TUESDAY, 3 FEB 2026
... everyday Australians has rarely been more important, as the regulator continues its investigations into the Shield and First Guardian schemes. We look forward to working with Sarah to strengthen deterrence against financial crime and protect Australians' ...

Hiring for risk, member services to take off

JAMIE WILLIAMSON  |  THURSDAY, 29 JAN 2026
... the end of 2025 in the number of wrap platforms hiring for risk roles. This came in the wake of the Shield and First Guardian collapses, with the increased regulatory scrutiny pushing platform operators to hire to shore up emerging risks and strengthen ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... identify risks to their retirement savings. It currently has 12 court cases underway related to the Shield and First Guardian matters. Poor insurance claims handling, significant outage resulting from the implementation of CHESS replacement, poor quality ...

'No benefit in switching super': AFCA finalises FSGA lead decision

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... loss. In December, AFCA said it received more than 1800 complainants in relation to the collapse of Shield and First Guardian Master Funds. To resolve the large number of similar cases efficiently and fairly, it adopted the lead decision approach, allowing ...

New vertical integration model to sprout in 2026: Report

KARREN VERGARA  |  FRIDAY, 23 JAN 2026
... stretch their lead," 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 ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
... from the shadow ministry, effective immediately. Conaghan has been very outspoke on the collapse of Shield and First Guardian and a vocal critic of ASIC's handling of the issue. Conaghan's resignation from the shadow ministry comes as the relationship ...

Netwealth's APRA-mandated governance overhaul underway

RIDDHIMA TALWANI  |  THURSDAY, 22 JAN 2026
... 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 ...

EQT stands firm on defence, blames ASIC, third parties

KARREN VERGARA  |  MONDAY, 19 JAN 2026
... investment 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.