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Showing 1 - 10 of 22 results for "MWL Financial"

ASIC bans another former MWL adviser

ELIZA BAVIN | THURSDAY, 23 APR 2026

... Morgan had also brought a stay and confidentiality application which he has now withdrawn. Morgan was authorised by MWL Financial Services from 1 May 2017 to 28 August 2025. On 25 August 2025, ASIC cancelled MWL's Australian Financial Services licence ...

ASIC bans another MWL adviser

RIDDHIMA TALWANI | WEDNESDAY, 8 APR 2026

ASIC has banned another MWL financial adviser David Lofthouse for three years for advising clients to invest at least 75% of their superannuation savings into the High Growth or Growth class of the Shield Master Fund. ASIC said Lofthouse gave six clients ...

Former MWL Financial adviser banned for six years

ELIZA BAVIN | TUESDAY, 10 MAR 2026

... Australian Financial Services licence, banned one of MWL's directors and its responsible manager. Eight other former MWL financial advisers have been banned by ASIC in respect of advice provided in relation to Shield. ASIC has also commenced proceedings ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA | WEDNESDAY, 4 MAR 2026

... membership end dates." The decision also affects Financial Services Group Australia, which is in liquidation, and MWL Financial Services, which is currently in administration. ASIC estimates 12,000 investors were impacted by the collapse of Shield and ...

AFCA reveals outcome of final lead decision

MATTHEW WAI | MONDAY, 2 MAR 2026

... outcome finalises all lead decisions of entities related to the collapse of Shield and First Guardian, including MWL Financial Services, Financial Services Group Australia, and Interprac Financial Planning.

Another MWL Financial Services adviser banned

ANGELIQUE MINAS | THURSDAY, 12 FEB 2026

Effective February 5, ASIC banned former MWL Financial Services (MWL) adviser Neil McPherson for giving advice to certain clients that was not in their best interests. An investigation found that during his tenure with MWL, McPherson recommended some ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI | FRIDAY, 6 FEB 2026

... decisions for complaints involving advice businesses Shield and First Guardian, and has since provided the outcomes for MWL Financial Services, Financial Services Group Australia, and Interprac Financial Planning.

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI | TUESDAY, 3 FEB 2026

... Guardian to streamline over 1800 complaints in December. The outcomes for Financial Services Group Australia and MWL Financial Services were also recently released, with United Global Capital and Next Generation Advice remaining as the only entities ...

'No benefit in switching super': AFCA finalises FSGA lead decision

RIDDHIMA TALWANI | TUESDAY, 27 JAN 2026

... provided by 5 Point Financial Planning, formerly associated with FSGA. Recently AFCA released its lead decision on MWL Financial Services, under which complainants were cold-called to have their super reviewed, while being referred to an adviser from ...

MWL complainants given $100k in lead decision outcome

MATTHEW WAI | MONDAY, 19 JAN 2026

The Australian Financial Complaints Authority (AFCA) has finalised its review of MWL Financial Services' lead decision, confirming the business, which is in liquidation, did not act in the complainant's best interest. In December, AFCA unveiled the ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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