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Showing 1 - 10 of 12 results for "Next Generation Advice"

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
... collapse of the Shield Master Fund and First Guardian Master Fund. This means United Global Capital (UGC) and Next Generation Advice, which are both in liquidation, will remain AFCA members. UGC's scheduled membership end date of 31 March 2026 will no ...

AFCA reveals outcome of final lead decision

MATTHEW WAI  |  MONDAY, 2 MAR 2026
... Financial Complaints Authority (AFCA) has issued the lead decision against both United Global Capital (UGC) and Next Generation Advice, finding faults by both financial firms. The complainant of the lead decision, which AFCA explained the process of ...

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

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... 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 their lead decision outcomes.

MWL complainants given $100k in lead decision outcome

MATTHEW WAI  |  MONDAY, 19 JAN 2026
... benefit," it said. The lead decision reviews for Financial Services Group Australia, United Global Capital and Next Generation Advice are ongoing, and the ombudsman will continue to issue updates.

AFCA streamlines approach to over 1800 Shield, First Guardian complaints

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... lead decisions for MWL Financial Services, Financial Services Group Australia, United Global Capital and Next Generation Advice have been issued by AFCA. Since reaching some 1659 complaints earlier this month, the number of complaints filed in relation ...

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... Pivotal Diversified Fund. The banning took effect from August 14. Rankin was an authorised representative of Next Generation Advice between 13 September 2021 and 11 November 2022 when he allegedly recommended his clients set up self-managed superannuation ...

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
... July 2023 and January 2024. ASIC said it was aware authorised representatives from Interprac Financial and Next Generation Advice recommended clients move their money to Shield. McQueen's ban took effect on June 14. ASIC said it understands that since ...

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... representatives from Interprac Financial Planning, MWL Financial Services, Financial Services Group Australia, and Next Generation Advice having recommended investment in the Shield Master Fund. About $100 million of investor money has allegedly disappeared. ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... service licence (AFSL) following its failure to comply with licensee obligation. ASIC revoked the AFSL of Next Generation Advice (in liquidation) (Next Gen) after the Queensland Supreme Court ordered the company be wound up on August 23. ASIC specified ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... representatives from Interprac Financial Planning, MWL Financial Services, Financial Services Group Australia, and Next Generation Advice having recommended investment in the Shield Master Fund. ASIC launched an investigation in February to halt new ...
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