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Showing 11 - 20 of 21 results for %22DASS%22

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... are met, the operator must compensate them up to $150,000. The recent case of Dixon Advisory and Superannuation Services (DASS) emphasises the critical role of the CSLR in compensating eligible consumers. Despite DASS being ordered to pay $7.2 million ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... advice-related complaints in 2022, the majority of which concern Dixon Advisory and Superannuation Services issues. Putting DASS complaints aside, there were 483 complaints related to financial advice, down 47% from 2021, AFCA acting lead ombudsman investments ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... to 1700 as of 1 February 2023, according to AFCA's latest figures. Last August, corporate watchdog ASIC urged former DASS clients who potentially suffered bad advice to lodge a formal complaint with AFCA, which subsequently registered some 1600 complainants ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
Dixon Advisory and Superannuation Services administrators have said it's in the best interest of the failed group's creditors to vote in favour of a proposed deed of company arrangement that would see them receiving as little as 3.1 cents on ...

Former DASS clients flood AFCA with complaints

JAMIE WILLIAMSON  |  TUESDAY, 8 NOV 2022
The Australian Financial Complaints Authority has received more than 1600 complaints from former clients of Dixon Advisory and Superannuation Services, warning complainants to expect delays in dealing with their case. On August 3, ASIC publicly urged ...

E&P pulls the plug on DASS

KARREN VERGARA  |  WEDNESDAY, 19 JAN 2022
... the Piper Alderman and Shine Lawyers class actions, numerous claims made to AFCA, as well as civil penalties agreed between DASS and ASIC. Piper Alderman commenced the class action in the Federal Court last November, defending investors who received ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... and subsidiary Dixon Advisory and Superannuation Services, has applied to freeze the $7.2 million penalty agreed between DASS and ASIC in July. Kosen-rufu said it is taking action because it wants "greater certainty for itself and participants in the ...

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... advice to retail clients who invested in its ASX-listed US Masters Residential Property Fund (URF). Piper Alderman claims that DASS representatives failed to act in the best interests of investors and put themselves first to "improperly use their position ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million to cover ASIC's costs. The penalty follows from court-ordered ...

Global multi-boutique eyes Australia

KANIKA SOOD  |  MONDAY, 21 JAN 2019
A $45 billion multi-boutique founded by a former Natixis deputy chief executive is heading down under to win super fund mandates and to potentially buy Australian boutiques. iM Global Partner takes minority, non-controlling stakes in small asset managers ...