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Showing 1 - 10 of 330 results for "Shield"

APRA flexes fresh powers, zeros in on trustees

ELIZA BAVIN  |  WEDNESDAY, 30 SEP 2026
... be supported by consistently strong safeguards, rigorous oversight and timely action when risks emerge. The failures of Shield and First Guardian demonstrate the serious harm that can occur when members accumulate concentrated holdings in poor or unsuitable ...

Netwealth to defend First Guardian class action

RIDDHIMA TALWANI  |  FRIDAY, 25 SEP 2026
... Legal has also commenced a class action against Macquarie Investment Management, alleging the investors in the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought ...

Treasury consults to improve data visibility into MISs

RIDDHIMA TALWANI  |  WEDNESDAY, 23 SEP 2026
... consultation for managed investment schemes (MISs) to provide more data to help identify emerging risks earlier. The collapse of Shield and First Guardian highlighted gaps in regulators' visibility of the sector, which costed Australians $1 billion of ...

Equity Trustees pushes bidders for better price

RIDDHIMA TALWANI  |  TUESDAY, 22 SEP 2026
... failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund and Shield Master Fund. Both collapses have led close to $143 million in losses to members in funds under Equity Trustees' ...

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
... Gordan Legal commenced a class action against Macquarie Investment Management, alleging the investors in the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought ...

Shield investors launch Macquarie class action

VINNY VUCAGO  |  FRIDAY, 18 SEP 2026
... Gordan Legal commenced a class action against Macquarie Investment Management, alleging the investors in the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought ...

Sequoia plots potential restructure

MATTHEW WAI  |  FRIDAY, 18 SEP 2026
... relation to complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. The loss from the managed investment schemes is totalling over $1 billion from thousands of ...

Paul Chiodo sues Shield-linked City Built, director for $200m

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... Chiodo is suing City Built, its director Roberto Filippini, and members of his family, who are tied to the collapse of the Shield Master Fund, for $200 million, alleging they engaged in a wide-ranging scheme that led to substantial property construction ...

Stay up to date with regulatory compliance at the FAAA Congress

MATTHEW WAI  |  THURSDAY, 17 SEP 2026
... review on separately managed accounts, but she'll also have a chance to talk about what they have done this year across Shield and First Guardian." Anderson will also moderate a conversation between CSLR chief executive David Berry and AFCA lead ...

Regulatory reform omnibus bill passage trims CSLR levy disallowance period, payouts

KARREN VERGARA  |  TUESDAY, 15 SEP 2026
... Dixon Advisory, while the estimate also includes the first tranche of some 474 claims stemming from the collapses of the Shield and First Guardian master funds. These represent over $30.1 million in gross claim payments according to data provide by the ...
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