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Showing 21 - 30 of 117 results for "Dixon Advisory"

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... review of the controversial scheme. The CSLR today 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 ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... and they are the only ones who can fix the problems. "With a potential exposure of up to $135 million for just Dixon Advisory alone and with more collapses continuing to emerge. Now is a critical time as we await the expected announcement on the CSLR ...

FAAA accuses government of crucial CSLR failure

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... advice, "putting it out of reach of more Australians", while submitting an inquiry to address "deep flaws" about the Dixon Advisory business model. "The Royal Commission had a different purpose and was finalised over four years beforehand: well before ...

Dixon Advisory clients should be heard at Senate inquiry: Anderson

ANDREW MCKEAN  |  MONDAY, 13 JAN 2025
... (FAAA) general manager of policy, advocacy, and standards Phil Anderson has urged the Senate Committee inquiry into Dixon Advisory to hear from ex-clients. Anderson said it should never be forgotten that it's these clients who are at the centre of ...

M&A and IPO the 'gamechangers' for 2025: Expert

MATTHEW WAI  |  FRIDAY, 20 DEC 2024
... market entries, including E&P Financial Group who made the exit recently due to its debacle with the collapse of Dixon Advisory. The delisting is effective on or around December 27. McLean pointed to US deregulation and the recent passing of the Treasury ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... the Compensation Scheme of Last Resort (CSLR). Specifically, the FAAA highlighted "deep flaws" surrounding the Dixon Advisory scandal that has since seen compensation for victims blow out to $154 million. In its submission, the FAAA said the financial ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... professional indemnity (PI) insurance in the compensation process was also put under the microscope. The PI insurer for Dixon Advisory, for example, paid just $16 million in compensation. However, Dixon Advisory victims are expected to receive nearly ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... moral case is it's not fair," she said. It is impactable and unsustainable, she said, because compensation for Dixon Advisory victims has blown out to $154 million that advisers will likely pay, while the top 10 major companies will have to fork ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... distribution complaints progress, AustralianSuper had the most with 115. Unsurprisingly, in the financial advice sector, Dixon Advisory received the most complaints with 847. AMP Financial Planning received 30 complaints and Commonwealth Financial Planning ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
The Federal Court has dealt ASIC a legal blow, dismissing its case against former Dixon Advisory director Paul Ryan and ordering the corporate regulator to cover his legal costs. The regulator accused Ryan of contravening his statutory duties as a director ...