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Showing 1 - 10 of 20 results for "MWL Financial Services"

ASIC bans another former MWL adviser

ELIZA BAVIN  |  THURSDAY, 23 APR 2026
... also brought a stay and confidentiality application which he has now withdrawn.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, banned one ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
... 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 First Guardian ...

AFCA reveals outcome of final lead decision

MATTHEW WAI  |  MONDAY, 2 MAR 2026
... 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
... 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
... 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 yet to receive ...

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

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... 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 who suggested ...

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 ...

AFCA streamlines approach to over 1800 Shield, First Guardian complaints

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... complaints, aiming to deliver a "consistent and fair" outcome for all affected investors. The lead decisions for MWL Financial Services, Financial Services Group Australia, United Global Capital and Next Generation Advice have been issued by AFCA. Since ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... financial services for seven years over a series of misconduct when he was an authorised representative of MWL Financial Services (MWL) and United Global Capital (UGC). Van Coppenhagen was authorised by UGC from April 2018 to July 2021 and by MWL from ...
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