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Showing 81 - 90 of 173 results for "First Guardian"

SMSFs avoid advisers due to lack of asset-specific support

MATTHEW WAI  |  FRIDAY, 20 FEB 2026
... 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 risk ...

Process to become an adviser remains 'unattractive': SMSFA

MATTHEW WAI  |  THURSDAY, 19 FEB 2026
... 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 radar at the moment." ...

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 ...

Netwealth reports HY loss after $100m payment to First Guardian victims

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
... Netwealth has reported a half year net loss of $2.2 million after refunding more than $100 million to victims of the First Guardian Master Fund collapse. Excluding the First Guardian expense, Netwealth said net profit after tax would have grown 19.9% ...

Opposition leader unveils fresh shadow cabinet

RIDDHIMA TALWANI  |  WEDNESDAY, 18 FEB 2026
... 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 shadow finance minister. ...

ASIC reviews lead generators again, names advisers using them

JAMIE WILLIAMSON  |  WEDNESDAY, 18 FEB 2026
... needed, ASIC said it 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 ...

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
... former MWL financial advisers and is the latest in a series of regulatory interventions following the Shield and First Guardian Master Fund (First Guardian) collapse. In August 2025, ASIC cancelled MWL's Australian Financial Services licence, banning ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
... another review into the $2 trillion managed investment scheme (MIS) sector off the back of the Shield Master Fund and First Guardian Master Fund collapses. This time, the Enhancing oversight and governance of managed investment schemes consultation focuses ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... website is launching today to assist some 9000 victims who have yet to file a complaint in relation to the Shield and First Guardian Master Funds, as the deadline for some fast approaches. Funded by ASIC, the new website was launched by Super Consumers ...