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Showing 81 - 90 of 440 results for "Guardian"

MWL complainants given $100k in lead decision outcome

MATTHEW WAI  |  MONDAY, 19 JAN 2026
... 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 provide a general ...

Advisers 'positioned to thrive' in 2026

ANGELIQUE MINAS  |  THURSDAY, 15 JAN 2026
... 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, though the delays have ...

Small win for First Guardian victims amid platform transition

JAMIE WILLIAMSON  |  MONDAY, 5 JAN 2026
First Guardian victims who have been forced to remain members of the super funds that wronged them are now able to transfer out. Since the collapse of the investment scheme, members of AusPrac Super and YourChoice Super were essentially forced to remain ...

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 ...

Super moves: Aware, VFMC, CareSuper, UniSuper, NGS

ELIZABETH FRY  |  THURSDAY, 18 DEC 2025
Aware Super has added former Future Fund investment chief Sue Brake (pictured) to its trustee board, effective 1 January 2026. Brake has been an independent member of the Aware Super Investment Committee since April and brings more than 30 years of ...

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 ...