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Showing 21 - 30 of 34 results for "United Global Capital"

Investments, advice complaints jump 18%

KARREN VERGARA | WEDNESDAY, 23 JUL 2025

... Investments and financial advice complaints jumped 18% in the 2025 financial year, thanks to the failures of United Global Capital, Shield Master Fund, First Guardian Master Fund and Brite Advisors. This is according to the Australian Financial Complaints ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA | THURSDAY, 3 JUL 2025

... generators is something that we are looking at," she said. The downfall of Australian Fiduciaries, ISG, and United Global Capital (UGC), as well as the Shield Master Fund and First Guardian Master Fund in recent years has come to a head for ASIC, which ...

CSLR levy underspend expected as claim processing slows

ANDREW MCKEAN | WEDNESDAY, 28 MAY 2025

... David Berry said apart from Dixon Advisory Superannuation Services, other large-scale firm failures, like United Global Capital, will potentially lead to more than 800 claims. "These failures continue to significantly impact the amount of compensation ...

UGC's AFCA membership to cease

KARREN VERGARA | MONDAY, 7 APR 2025

The Australian Financial Complaints Authority (AFCA) will expel United Global Capital's (UGC) membership effective May 31. UGC, which is now in liquidation, began providing financial services, including financial advice, in 2017 to retail and sophisticated ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA | THURSDAY, 20 FEB 2025

... have feared for some time. Keep in mind that this is the cost before AFCA fees," he said. The failure of United Global Capital (UGC) significantly drove the 2026 levy estimates. This accounts for $44.6 million in claims and $3.6 million in AFCA fees ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN | THURSDAY, 6 FEB 2025

... sub-sector cap. The CSLR put blame on the failures of Dixon Advisory & Superannuation Services (DASS) and United Global Capital for the massive bill. Meantime, the FAAA made its pre-Budget submissions to the government with a focus on the CSLR, but also ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA | MONDAY, 3 FEB 2025

... $20 million. This is largely due to the failures of Dixon Advisory & Superannuation Services (DASS) and United Global Capital (UGC), whereby 92% of the total claims expected to be paid relate to these two firms. While there is currently no certainty ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA | FRIDAY, 31 JAN 2025

... released its FY26 levy estimates and blamed the failures of Dixon Advisory & Superannuation Services (DASS) and United Global Capital (UGC) for the massive bill. A whopping 92% of the total claims it expects to pay relate to these two firms. Of the $77.9 ...

Queensland-based financial firm loses AFSL

MATTHEW WAI | FRIDAY, 25 OCT 2024

... Capital Property Fund (in Liquidation) (GCPF) and the Shield Master Fund. GCPF was a flagship fund from United Global Capital (UGC), which is also in liquidation and was ordered to be wound up earlier this month. The sole director of the firm Joel Hewish ...

Global Capital Property to be wound up

KARREN VERGARA | TUESDAY, 8 OCT 2024

... FTI Consulting as liquidators to GCPF after ASIC applied for its wind up. Melbourne-based Hewish founded United Global Capital (UGC), which is also in liquidation, and began providing financial services, including financial advice, in 2017 to retail ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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