Shield and First Guardian collapses spur managed investment scheme crackdown
The federal government is planning a crackdown on managed investment schemes following the collapses of two large funds,…
Superannuation alert from today as deadline looms in $1.1 billion collapse of Aussie funds
The CEO of the Association of Superannuation Funds of Australia (ASFA), Mary Delahunty, has been working with the…
Superannuation change flagged for Aussies after $1 billion lost in dramatic fund collapses
Assistant Treasurer Daniel Mulino is reportedly eyeing new rules governing the movement of superannuation funds. (Source: AAP/Getty) The…
ASIC asleep at the wheel – AIOFP
Home > Funds Management > ASIC asleep at the wheel – AIOFP The Australian Securities and Investments Commission…
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.…
Macquarie to repay Shield investors after super platform failures
Macquarie Investment Management has committed to repaying thousands of Australians who invested hundreds of millions of their retirement…
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…
140 targeted by ASIC on Shield, First Guardian
Home > Financial Planning > 140 targeted by ASIC on Shield, First Guardian The Australian Securities and Investments…
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…
Corporate watchdog ASIC sues Equity Trustees Superannuation over role in $160m Shield Master Fund
Australia’s corporate watchdog is suing Equity Trustees Superannuation — which has $88 billion in funds under management and…