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Showing 1 - 10 of 310 results for "Fallout"

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA  |  MONDAY, 31 AUG 2026
Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise. Hejaz Islamic Super had 2600 members and more than $98 million in ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... known until the outcome of this lawsuit, in which InterPrac argued the complaints body did not treat it fairly amid the fallout of the failed managed investment scheme. Kee told Financial Standard : "It's pleasing to know that the money will be in ...

Crole exits Sequoia effective immediately

KARREN VERGARA  |  WEDNESDAY, 22 JUL 2026
Garry Crole is exiting Sequoia Financial Group as chief executive effective immediately as the fallout from the Shield and First Guardian master funds and legal action against subsidiary InterPrac Financial Planning rolls on. Crole said his decision ...

Australia averts recession but not slowdown: JPMAM

KARREN VERGARA  |  WEDNESDAY, 29 APR 2026
Australia's economy will take a hit at the fallout of the Middle East conflict, but the good news is it will avoid a recession, J.P. Morgan Asset Management predicts. The asset manager downgraded Australia's annualised growth rate from 2% tipped at ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... stakeholders on the reform options." The CSLR consultation is one pillar of a three-part consultation in response to the fallout from the Shield and First Guardian master fund collapses that impacted 11,000 super members and put more than $1 billion ...

New deputy chair for FSC

KARREN VERGARA  |  FRIDAY, 27 MAR 2026
... effective March 30. She joined AMP as chief executive in August 2021, tasked with renewing the wealth firm following the fallout from the Financial Services Royal Commission and subsequent scandals involving several senior executives. FSC chair David ...

Advisers 'positioned to thrive' in 2026

ANGELIQUE MINAS  |  THURSDAY, 15 JAN 2026
... are acting in their clients' best interests," she said. "Prevention of these failures is far better than addressing the fallout." When it comes to regulatory growing pains, the Compensation Scheme of Last Resort levy is at the forefront of advisers' ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... super funds to pay into the scheme," SMC said. "The 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 ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
Equity Trustees will follow Netwealth's lead and make an application to the government under Part 23 of the SIS Act for help in making First Guardian and Shield investors whole. Speaking at the Equity Trustees annual general meeting today, managing ...

Macquarie to shed more than 240 investment options

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... WCM Quality Global Growth Fund and the OC Dynamic Equity Fund were also closed to super investors. The move comes at the fallout of the Shield Master Fund. ASIC and Macquarie are now battling it out in the Federal Court as the regulator alleges MIM did ...
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