Jul 8, 2026 – 4.00pmThe corporate regulator has opened a new investigation on troubled superannuation services business Diversa Trustees, examining how the firm bills the members of its largest clients, adding pressure on the company that is already being scrutinised for alleged governance failings related to the collapsed First Guardian Master Trust.Diversa is embroiled in the fallout from the implosion of the $500 million First Guardian Master Trust, an allegedly fraudulent investment scheme made available to the public through its wealth management platforms, which act as shopfronts for financial advisers to sell investments to their clients.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles