First Guardian Master Fund: What Investors Need to Know

ASIC is conducting multiple investigations into conduct connected to the First Guardian Master Fund, a managed investment scheme operated by Falcon Capital Limited, which is now in liquidation. Around 6,000 investors, including many who invested their superannuation savings, were affected.

ASIC has taken court action to preserve any remaining assets so they may be recovered for investors where possible. Investigations are ongoing and updates continue to be released.

If You Invested in First Guardian

If you were an investor, it is important to:

• Register with the liquidator to receive updates and lodge a unitholder claim form
• Contact the liquidator at falconcapital@fticonsulting.com for further information
• Consider lodging a complaint with the Australian Financial Complaints Authority if you have concerns about financial advice or superannuation conduct

AFCA is the external dispute resolution body for financial complaints in Australia. Its service is free for consumers, though eligibility criteria apply.

Be aware that strict deadlines may apply depending on the financial advice firm involved. Some advice licensees remain AFCA members only until specific dates.

Complaints About Financial Advice

If your concern relates to financial advice, you must lodge your complaint against the relevant advice licensee, not necessarily the adviser’s trading name. The ASIC Financial Advisers Register can assist in identifying the correct licensee.

To be eligible for AFCA consideration, the financial firm must be an AFCA member at the time of your complaint.

Complaints About Superannuation Trustees

If your complaint relates to a superannuation trustee, you should identify the trustee company responsible for managing the fund platform you used. Trustees can also be subject to AFCA complaints where appropriate.

Be Alert to Recovery Scams

ASIC has warned investors about scams targeting those impacted by First Guardian. Be cautious of unsolicited emails, calls or messages offering to recover lost funds for a fee or percentage. Avoid clicking suspicious links or providing personal information.

Unexpected contact, pressure to act quickly, and requests for upfront payments are common scam indicators.

Additional Support

The website takeyoursuperback.com, operated by Super Consumers Australia and funded by ASIC, provides guidance for impacted investors.

If you are unsure how this situation affects you or your broader financial position, seeking independent professional advice may help you understand your options and next steps.