middle.news

Netwealth Commits $101M to Compensate First Guardian Fund Collapse Victims

8:23am on Thursday 18th of December, 2025 AEDT Financial Services
Read Story

Netwealth Commits $101M to Compensate First Guardian Fund Collapse Victims

8:23am on Thursday 18th of December, 2025 AEDT
Key Points
  • Netwealth to pay $101 million compensation to affected super fund members
  • Compensation impacts 1H26 net profit after tax by approximately $71 million
  • Payments to be credited by 30 January 2026 via cash accounts
  • Agreement reached with ASIC including enforceable undertakings, no penalties sought
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about Netwealth (ASX:NWL)
OPEN ARTICLE