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Showing 1 - 10 of 298 results for shield

Another MWL adviser banned over Shield collapse

RIDDHIMA TALWANI | THURSDAY, 16 JUL 2026

... Niu recommended her clients invest most of their superannuation into the High Growth class and the Growth class of the Shield Master Fund (Shield) which was a high-risk investment, or the Balanced class which was a medium risk investment. ASIC said her ...

Federal Court lifts Merhi's travel ban

KARREN VERGARA | MONDAY, 13 JUL 2026

... and 2024, clients were advised to invest some $296 million into the First Guardian Master Fund and $230 million into the Shield Master Fund. ASIC calculates Merhi's businesses allegedly received nearly $18 million in upfront advice fees and over $19 ...

FAAA urges insolvency crackdown to curb soaring CSLR costs

VINNY VUCAGO | THURSDAY, 9 JUL 2026

... Anderson said much of the increase had been driven by the collapse of managed investment schemes linked to Dixon Advisory, Shield and First Guardian. "Insolvency should not be an easy solution for those who have caused detriment to others," Anderson ...

ASFA strengthens cyber security with new hire

MATTHEW WAI | WEDNESDAY, 8 JUL 2026

... specifically around the financial services sector, experts have advised businesses to improve their security measures, not only to shield their digital infrastructure but to also to ensure their governance policies remain compliant.

First Guardian victims recoup 8% of $38m loan

KARREN VERGARA | FRIDAY, 3 JUL 2026

... may incur further adverse costs. Many victims disagreed this was "the best commercial outcome". On the First Guardian and Shield Superannuation Discussion group on Facebook, one member described the recoverable amounts as "another fire sale". One member ...

Financial services CSLR Levy hits $198m

MATTHEW WAI | THURSDAY, 2 JUL 2026

... cohort of claims related to Dixon Advisory, while including the first tranche of some 474 claims from the collapses of Shield and First Guardian Master Funds. These claims represent over $30.1 million in gross claim payments according to data provide ...

Advice fee spike raises super concerns: SMC

VINNY VUCAGO | MONDAY, 29 JUN 2026

... their super," Schubert said. SMC's submission To the federal government's consultation following the collapses of Shield and First Guardian also found the growth rate in advice fees had nearly tripled over the past two years, reinforcing the ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI | MONDAY, 29 JUN 2026

... holding limits and unusual fund flows. APRA wrote to trustees in in October last year in the wake of the First Guardian and Shield Master Fund collapses, alerting them to the need to strengthen their investment governance processes. Since then, APRA ...

ASIC sues three Keystone Asset Management directors

KARREN VERGARA | FRIDAY, 26 JUN 2026

... Frolov and Mark Yorston for allegedly failing their duties to safeguard superannuation members from the collapse of the Shield Master Fund. Some 5800 investors with $530 million in retirement savings were invested in Shield. Keystone, which is now in ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI | THURSDAY, 25 JUN 2026

... trusteeship business via its subsidiary Equity Trustees Superannuation Limited (ETSL), after facing continued scrutiny over the Shield and First Guardian collapses.

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Another MWL adviser banned over Shield collapse

RIDDHIMA TALWANI

ASIC has banned another MWL Financial adviser Nicole Niu from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business for a period of five years.

Warakirri, LongView launch home equity strategy

MATTHEW WAI

Warakirri Asset Management and LongView are partnering to bring a new shared equity co-investment fund exclusively to wholesale investors seeking access to Australia's residential property market.

Swedish PE giant sweetens offer bid for Perpetual

RIDDHIMA TALWANI

EQT AB has sweetened its offer bid for Perpetual, after the financial services firm rejected the unsolicited takeover bid from the Swedish private equity giant earlier in the month.

Igneo opens private infrastructure strategy to advised investors

VINNY VUCAGO

Igneo Infrastructure Partners has launched its first private infrastructure fund for advised and wholesale investors in Australia.

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