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Netwealth Commits $101M to Compensate First Guardian Fund Collapse Victims
8:23am on Thursday 18th of December, 2025 AEDT
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Financial Services
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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
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