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Showing 31 - 40 of 237 results for "Dixon"

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... calling for a 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 ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... the CSLR, 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 ...

FAAA accuses government of crucial CSLR failure

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... financial 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 ...

Dixon Advisory clients should be heard at Senate inquiry: Anderson

ANDREW MCKEAN  |  MONDAY, 13 JAN 2025
... Australia (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 ...

ASX bleeds $41bn from delistings

KARREN VERGARA  |  THURSDAY, 9 JAN 2025
... shares traded about 50 cents in late September, dropping a whopping 80% from $2.50 in 2018 when it was better known as Evans Dixon. Throughout the calendar year, 67 new entities debuted on the ASX, up 33% from 2023. The majority of these in the second ...

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

MATTHEW WAI  |  FRIDAY, 20 DEC 2024
... outpacing new 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 ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... concerns around 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 ...

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
... and the 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 ...

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 ...