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Showing 71 - 80 of 292 results for "Shield"

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

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... $200,000 financial 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 ...

New vertical integration model to sprout in 2026: Report

KARREN VERGARA  |  FRIDAY, 23 JAN 2026
... 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 performance. ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
... Conaghan has resigned 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 ...

HUB24 advances HTFS Nominees takeover, FUA hits $152bn

KARREN VERGARA  |  TUESDAY, 20 JAN 2026
... legal action from ASIC, accused of not doing enough to prevent superannuation members losing millions of dollars from the Shield Master Fund's collapse. In 2023, HUB24 entered a custody and technology solutions agreement with EQT. Some $1.5 billion was ...

EQT stands firm on defence, blames ASIC, third parties

KARREN VERGARA  |  MONDAY, 19 JAN 2026
Equity Trustees (EQT) is standing firm on defending itself against culpability for the Shield Master Fund collapse and ensuing investor losses, blaming ASIC for not doing its job, as well as third-party providers for their failures. Releasing its Summary ...

MWL complainants given $100k in lead decision outcome

MATTHEW WAI  |  MONDAY, 19 JAN 2026
... did not act in the complainant's best interest. In December, AFCA unveiled the lead decisions for complaints involving Shield Master Fund and First Guardian Master Fund to increase efficiency in processing similar complaints. While lead decisions can ...

Advisers 'positioned to thrive' in 2026

ANGELIQUE MINAS  |  THURSDAY, 15 JAN 2026
... of advisers' minds. Edwards said the kind of funding commitments required needs further clarification, particularly when Shield and First Guardian claims are factored in. Movement on the Delivering Better Financial Outcomes package is also expected ...

Small win for First Guardian victims amid platform transition

JAMIE WILLIAMSON  |  MONDAY, 5 JAN 2026
... of OneSuper, are overseen by Diversa Trustees, which is being sued by ASIC for its involvement in the First Guardian and Shield collapses and, more recently, was hit with additional licence conditions by APRA due to concerns relating to its investment ...

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI  |  MONDAY, 5 JAN 2026
... turning up the heat on super funds, hiring in risk and compliance across the board is expected to rise. The collapse of Shield Master Fund and the First Guardian Master Fund has sharpened the industry's focus on governance, accountability, and operational ...

ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
... continues to be a key enforcement priority for ASIC." Notably, BDO is also the auditor of the collapsed investment scheme Shield Master Fund, which confirmed that Keystone Asset Management, the responsible entity of Shield, had complied with the compliance ...