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Showing 81 - 90 of 298 results for shield

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 ...

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
The Australian 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 ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... of MWL facing repercussions for recommending their clients to invest in the collapsed superannuation investment scheme, Shield Master Fund. While authorised by MWL, Van Coppenhagen provided "inappropriate" advice by recommending his clients invest most ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... 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 ...