Netwealth strikes ASIC deal to compensate First Guardian investors
Financial services company Netwealth has agreed to pay more than $100 million to more than 1,000 clients who…
More players involved in Shield, First Guardian collapses face ASIC legal action
Australia’s corporate watchdog is suing Interprac — the licensee that oversaw financial planners — over alleged failures that…
First Guardian super trustee Diversa ‘ticked off’ investments, says former financial adviser Ferras Merhi
A former financial adviser involved in placing thousands of clients into the since-collapsed First Guardian Master Fund says…
As Australia’s retirement savings grow into world’s second biggest, government to review consumer protections
Australia’s $4.3 trillion superannuation sector is on track to become the world’s second-largest retirement savings pool by 2031.…
Senator calls for ‘heads on spikes’ to deter superannuation mismanagement
Lisa Rogers, 63, transferred half of her retirement fund across to First Guardian Master Fund and Shield Master…
Thousands of investors caught up in First Guardian, Shield collapses told super trustees may pay ‘remediation’
Thousands of investors who were exposed to heavy losses by investing their retirement savings into the First Guardian…
How $1 Billion in Retirement Savings Vanished
Australia’s superannuation system has long been the envy of the world – a reliable savings scheme designed to…