Open accessibility guideSkip to sections navigationSkip to contentSkip to footerAdvertisementNationalThousands of Aussies may still have no idea they are missing money after the twin collapse of First Guardian and Shield Master managed investment schemes. The corporate watchdog ASIC is investigating the failed funds, which have left investors collectively out of pocket by over $1 billion.Updated July 16, 2026 — 3:10pm,first published 3:07pmLoadingLatest in VideosVideo icon0:38Cats coach fumes at Adelaide Oval crowdVideo icon1:57We’ll all get this annoying alarm. But what could it be used for?Video icon4:41Predictions for World Cup final, awardsVideo icon2:40Messi vs Yamal in dream World Cup finalAdvertisementTwitterFacebookInstagramRSSOur SitesThe AgeThe Sydney Morning HeraldBrisbane TimesWAtodayThe Australian Financial Reviewnine.com.auDriveClassifiedsTributesPlace your adThe AgeContact & supportAdvertise with usNewslettersAccessibility guideSitemapPhoto salesPurchase front pagesContent licensingWork with usTerms of usePrivacy policyPress CouncilCharter of Editorial IndependenceAI Editorial GuidelinesProducts & ServicesSubscription packagesMy accountSubscriber FAQsDelivery statusToday’s PaperGood Food GuideDaily PuzzlesCopyright © 2026Subscribe
Thousands of Aussies caught up in superannuation nightmare
Thousands of Aussies may still have no idea they are missing money after the twin collapse of First Guardian and Shield Master managed investment schemes. The corporate watchdog ASIC is investigating the failed funds, which have left investors collectively out of pocket by over $1 billion.
142 words~1 min read
