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Showing 81 - 90 of 149 results for "First Guardian"

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI  |  MONDAY, 5 JAN 2026
... 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 resilience. APRA's new ...

Diversa hit with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 23 DEC 2025
APRA has imposed additional licence conditions on Diversa Trustees in the wake of the Shield and First Guardian collapses. APRA said it has concerns relating to Diversa's investment governance frameworks and practices, including oversight of platform ...

AFCA streamlines approach to over 1800 Shield, First Guardian complaints

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... Financial Complaints Authority (AFCA) has released details of its lead decision approach for Shield Master Fund and First Guardian Master Fund complaints, aiming to deliver a "consistent and fair" outcome for all affected investors. The lead decisions ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... the financial advice community this year, with advisers bearing the brunt of negative sentiment in the wake of First Guardian and Shield collapses. But there were some bright spots throughout the year, including movement on a CSLR review, the progression ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
After admitting it didn't sufficiently assess the First Guardian Master Fund before making it available to super members, Netwealth is being sued by ASIC and will repay $101 million to victims. More than 1000 investors had their money in the First ...

Equity Trustees hit with additional licence conditions

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... members. This comes after APRA sent a letter to all platform trustees in October in the wake of the Shield and First Guardian fund collapses, calling for greater oversight and protection of member assets. ETSL acts as trustee for 11 registrable superannuation ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... and adviser services division flagged it is currently making healthy earnings but expects to take a hit from the First Guardian Master Fund and Shield Master Fund debacle. The unit, which is embroiled in the loss of $1 billion superannuation member money ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... it will only get bigger from here. The 2027 levy estimate is already $137 million - and that's without the First Guardian and Shield collapse, which could see it double." As it stands, the CSLR does not have the ability to claim against a company's ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... FY26 special levy is $47.3 million, but this does not yet include the fallout from the high-profile Shield and First Guardian collapses, which will lead to further cost blow outs in the scheme." SMC said profit-to-member super funds are tightly regulated ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent." ASIC has thrown a slew of allegations at Diversa, starting ...