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Showing 1 - 10 of 13 results for "Global Capital Property Fund"

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
... misconduct, including failing to uphold key advice obligations when recommending clients to invest in the Global Capital Property Fund (GCPF) while he was a UGC authorised representative. ASIC was also concerned Petrovic did not act in his clients' ...

AFCA streamlines approach to over 1800 Shield, First Guardian complaints

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... over their super from their SMSF into various investment schemes such as Shield, First Guardian, Global Capital Property Fund, and Pivotal Diversified Fund. All entities are currently in liquidation. AFCA said the focused approach enables the authority ...

Estimated CSLR levy comes in at $127m for FY27

JAMIE WILLIAMSON  |  MONDAY, 17 NOV 2025
... after FY27. Further, the CSLR has estimated about 538 will relate to United Global Capital and the Global Capital Property Fund. Australian Fiduciaries and Brite Advisory are also expected to impact the levy total. The Financial Services Council said ...

UGC auditor 'comprehensively failed', registration stripped

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... William O'Shea was employed by United Global Capital to audit both it and its managed funds, the Global Capital Property Fund (GCPF) and the UGC Global Alpha Fund. More than $92 million was invested in the funds, much of which is now unaccounted for. ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... superannuation into the SMSF and invest a significant portion of their retirement savings into the Global Capital Property Fund. He was authorised by United Global Capital (UGC) at the time. ASIC's investigation into UGC, which is now in liquidation ...

Former United Global Capital adviser banned

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025
... failed key advice obligations when recommending clients invest their retirement savings into the Global Capital Property Fund Limited (GCPF). Petrovic advised clients to set up a self-managed superannuation fund (SMSF) and invest significant amounts ...

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... banned for four years for failing to act in clients' best interests by pushing them to invest in the Global Capital Property Fund (GCPF) and Pivotal Diversified Fund. The banning took effect from August 14. Rankin was an authorised representative of ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... sole director, responsible entity and key person of UGC. Last year, UGC's authorised representative Global Capital Property Fund (GCPF) was found to have contacted prospective clients, urging them to establish a self-managed superannuation fund (SMSF) ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... it to remain a member of AFCA until at least May 31. The Federal Court ordered the wind up of the Global Capital Property Fund (GCPF) last October. GCPF invested in large-scale property development via secured debt financing arrangements or direct equity ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... cancelled the licence on October 18. Next Gen had previously recommended its clients to invest in the Global Capital Property Fund (in Liquidation) (GCPF) and the Shield Master Fund. GCPF was a flagship fund from United Global Capital (UGC), which is ...
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