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Showing 71 - 80 of 311 results for "Shield"

AFCA receives record complaints in 2025

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
... more than 634,000 complaints. The increase in complaints was spread across all financial products, including the demise of Shield and First Guardian Master Funds across the financial advice and superannuation sectors, AFCA said. Large-scale collapses ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... through refunds. This includes the court enforceable undertakings that saw Macquarie pay $321 million to around 3000 affected Shield Master Fund investors and Netwealth pay $101 million to more than 1000 affected First Guardian Master Fund investors. ...

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
Following the demise of the Shield and First Guardian master funds, regulatory pressure and being blacklisted from several platforms, Sequoia Financial Group is now reviewing the viability of InterPrac Financial Planning. Sequoia managing director and ...

SMSFs avoid advisers due to lack of asset-specific support

MATTHEW WAI  |  FRIDAY, 20 FEB 2026
... despite low engagement, the lack of regulatory oversight of the asset class can result in outcomes like those seen with Shield and First Guardian Master Funds. "If there are 1000 people investing 100% of their SMSF in crypto, it creates an enormous structural ...

Process to become an adviser remains 'unattractive': SMSFA

MATTHEW WAI  |  THURSDAY, 19 FEB 2026
... accountants, who had relevant discipline qualifications, to come in," Waller said. "Unfortunately, because the issues like CSLR, Shield and First Guardian, all of these [reforms] have somewhat been delayed, and we're hearing that it's not on the regulatory ...

Equity Trustees places superannuation arm under review

JAMIE WILLIAMSON  |  THURSDAY, 19 FEB 2026
As it continues to face scrutiny over the Shield and First Guardian collapses, Equity Trustees has commenced a strategic review of its superannuation business. As part of its half year results announcement this morning, Equity Trustees said it is reviewing ...

Opposition leader unveils fresh shadow cabinet

RIDDHIMA TALWANI  |  WEDNESDAY, 18 FEB 2026
... before Ley's exit. Conaghan is considered an ally by many in the advice space and has been outspoken on the collapse of Shield and First Guardian and a vocal critic of ASIC's handling of the issue. Senator Claire Chandler has been appointed as ...

ASIC reviews lead generators again, names advisers using them

JAMIE WILLIAMSON  |  WEDNESDAY, 18 FEB 2026
... will take disruptive and enforcement action. It comes on the back of the collapses of the First Guardian Master Fund and Shield Master Fund, both of which were spruiked by financial advisers who used lead generation services and ultimately convinced ...

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
APRA's role as prudential regulator in the wake of the First Guardian Master Fund and Shield Master Fund collapses came under the spotlight at a recent parliamentary hearing. APRA chair John Lonsdale told the Senate Economics Legislation Committee that ...

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
... found that during his tenure with MWL, McPherson recommended some clients invest most of their superannuation into the Shield Master Fund (Shield), all classes of which were deemed high risk. Finding McPherson to be not fit, not proper and not competent ...