Deadline approaches for Shield, First Guardian victims

A new website has launched to assist some 9000 victims who have yet to file a complaint in relation to the Shield and First Guardian Master Funds, as the deadline for some fast approaches.

- Matthew Wai

Funded by ASIC, the new website was launched by Super Consumers Australia (SCA) to provide detailed information and self-help tools for those who invested and lost their super in Shield and First Guardian.

So far, fewer than 2000 of the roughly 11,000 Australians who invested in the two schemes have lodged complaints with the Australian Financial Complaints Authority (AFCA), ASIC said. The losses equate to more than $1 billion.

With the deadline for some investors to file a complaint approaching as early as 31 March 2026, ASIC and SCA are urging people to check if their super was affected.