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Showing 1 - 10 of 11 results for "Australian Fiduciaries"

MIS review ignores key issues: FAAA

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
... of what went wrong at Shield and First Guardian, along with a number of other recent collapses such as Australian Fiduciaries Limited and Remi Capital. We do not know the nature of the compliance plans for these four MISs, the existence of compliance ...

Estimated CSLR levy comes in at $127m for FY27

JAMIE WILLIAMSON  |  MONDAY, 17 NOV 2025
... CSLR has estimated about 538 will relate to United Global Capital and the Global Capital Property Fund. Australian Fiduciaries and Brite Advisory are also expected to impact the levy total. The Financial Services Council said the scheme must be reformed ...

Super complaints decline year-on-year: AFCA

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... with 49. For managed investment schemes, BT Funds Management had the most complaints with 86, followed by Australian Fiduciaries with 68. In life insuance, TAL ad the most complaints with 642, then AIA Australia with 298, followed by Zurich with 189. ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
... Compensation Scheme of Last Resort (CSLR), ASIC's effectiveness has come under fire in the wake of the Australian Fiduciaries, First Guardian and Shield Master Fund scandals. The regulator estimates that First Guardian and Shield have lost more than ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
... Guardian failure. However, when accounting for ASIC's other ongoing investigations, including the likes of Australian Fiduciaries and First Mutual Private Equity, he said: "I regret to inform the committee, it's even more than that... there are ...

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
Receivers have been appointed to two related entities of Australian Fiduciaries following a Federal Court hearing this week. About $167 million is tied up currently, belonging to about 600 investors who placed their retirement savings in the Global ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... of the two managed investment schemes has affected 11,000 investors. This does not factor in victims of Australian Fiduciaries, ISG, and United Global Capital (UGC), which have collapsed in recent years. ASIC now wants super trustees to undertake a review ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... between the advisers and the lead generators is something that we are looking at," she said. The downfall of Australian Fiduciaries, ISG, and United Global Capital (UGC), as well as the Shield Master Fund and First Guardian Master Fund in recent years ...

ASIC takes action on Australian Fiduciaries

KARREN VERGARA  |  MONDAY, 16 JUN 2025
ASIC is investigating Queensland financial services firm Australian Fiduciaries, which has $160 million of investor money, and seeks asset preservation orders and the appointment of receivers. ASIC believes that about 600 retail investors have invested ...

ASIC hands out more interim stop orders

CHLOE WALKER  |  MONDAY, 5 DEC 2022
... financial objectives, situation or needs, the corporate regulator has placed interim stop orders on both Australian Fiduciaries Limited (AFL) and APS Savings Limited (APS Savings). To date, ASIC has issued 21 interim stop orders under the design and ...
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