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Showing 71 - 80 of 298 results for shield

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... government to include better consumer protections in super in the upcoming Federal Budget following the collapses of the Shield and First Guardian Master Funds. SMC's pre-budget submission said high-risk products like Shield and First Guardian have shown ...

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

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... need to pay approximately $120,000 in compensation to a complainant over inappropriate advice provided in relation to the Shield Master Fund, the Australian Financial Complaints Authority (AFCA) lead decision reveals. In this case, the complainant received ...

Government consults on victim access to child sex abusers' super

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... entitled to. This Bill establishes a clear principle that convicted perpetrators cannot use the superannuation system to shield assets from lawful compensation orders," Mulino said. "It reflects the tireless work of survivors and advocates who have long ...

ASIC welcomes new chair

KARREN VERGARA  |  TUESDAY, 3 FEB 2026
... protecting 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 ...

Hiring for risk, member services to take off

JAMIE WILLIAMSON  |  THURSDAY, 29 JAN 2026
... was a sharp uptick at 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 ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... Australians to better 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 ...

'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 ...