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Showing 1 - 10 of 440 results for "Guardian"

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... Economics Committee over the time it has taken to act against Falcon Capital, the responsible entity for the collapsed First Guardian Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after taking over the role, said the ...

Super funds push back on CSLR: SMC

VINNY VUCAGO  |  TUESDAY, 2 JUN 2026
... exceeded several years of the scheme's original actuarial costs forecasts, with claims related to the Sheild and First Guardian collapses yet to fully emerge. The council criticised a proposed "levy waterfall" model that would spread costs across ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... alleged due diligence failures concerning the Shield Master Fund. HUB24 has maintained it has never hosted the First Guardian or Shield master funds on its platform. Effective May 29, HTFS must appoint an independent expert to review investment menus ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... the issuance of determinations. InterPrac is currently taking action against a former client and victim of the First Guardian Master Fund collapse for an AFCA determination it does not agree with. This is on top of the advice group's lawsuit against ...

'No basis' to ban independent trustee model: Equity Trustees

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... lead generators. It said the most critical point of failure in the value chain regarding Shield Master Fund and First Guardian Master Fund were the two responsible entities. "The misuse of scheme assets for purposes other than investment as disclosed ...

Cbus pushes for lead generator ban

VINNY VUCAGO  |  TUESDAY, 26 MAY 2026
... products. Cbus argued the practice was contributing to consumer harm, pointing to the collapse of the Sheild and First Guardian funds, where more than 11,000 Australians collectively lost over $1 billion after many were persuaded to invest after clicking ...

UniSuper pilots' digital estate planning partnership with Safewill

VINNY VUCAGO  |  THURSDAY, 21 MAY 2026
UniSuper has partnered with online estate planning platform Safewill in a pilot program aimed at simplifying the Will creation process for members and improving awareness around estate planning and superannuation beneficiary nominations. Under the arrangement ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This comes after the regulator also launched separate proceedings against Equity Trustees in August 2025, alleging ...

Advent builds Australian presence with new appointment

VINNY VUCAGO  |  TUESDAY, 19 MAY 2026
The role will be filled by a former Future Fund board member who has also held roles at Macquarie, NAB and AMP. Global private equity investor Advent has appointed Patricia Cross as an operating partner for Australia and New Zealand, strengthening its ...

Mulino targets retail investor protections, high-risk MISs: SIAA

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... Conference heard this morning, flagging how regulators will use their new funding bonanza to prevent another Shield and First Guardian Master Fund disaster. Providing more details about how the government is approaching new regulation around MISs, which ...
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