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Showing 31 - 40 of 115 results for "Dixon Advisory"

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
After assessing a large volume of Dixon Advisory complaints, the Australian Financial Complaints Authority (AFCA) warned financial advisers of their responsibilities to manage conflicts of interest under the Conflicts Priority Rule. AFCA senior ombudsman ...

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... said. Delisting is set to save the company $2.5 million annually. Regarding the public inquiry into the failures of Dixon Advisory announced last week, the board said it has "no further detail on the proposed inquiry and is unaware of the extent to which ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
A public inquiry into the collapse of Dixon Advisory will soon launch after the Financial Advice Association Australia (FAAA) gained support from Senator Pauline Hanson in the senate yesterday. After pounding the pavement for months, the FAAA has successfully ...

FAAA ramps up Dixon inquiry campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024
... Australia (FAAA) is calling on all federal members of parliament to support a public inquiry into the collapse of Dixon Advisory and the flow-on effect on the Compensation Scheme of Last Resort (CSLR). The FAAA has written to every federal member of ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... 7400 advised-client base saw their wealth jump 26% to nearly $30 billion, while former clients under the defunct Dixon Advisory continue to struggle to access recourse. The ASX-listed wealth firm boasted it oversaw $29.4 billion in funds under advice ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... ongoing issues with listed companies walking away from advice subsidiaries and placing them into administration. Dixon Advisory, which morphed into ASX-listed E&P Financial at the height of the US Masters Residential Property Fund (URF) scandal, is one ...

FAAA to work with Treasury on CSLR

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... the clients of large listed entities which have done the wrong thing, and nor should we." Abood pointed to the Dixon Advisory case - with losses approaching $135 million - saying there is still nothing in place to stop another situation like it in the ...

FAAA calls on advisers: 'We ask for your support'

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... manager policy, advocacy and standards Phil Anderson has outlined the industry's biggest gripes with the collapse of Dixon Advisory and how it has been handled. Anderson said he is angry about the Dixon Advisory "debacle" and the impact it has had on ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... said about 3000 complaints with AFCA will likely end up at the CSLR. In addition to the 2773 complaints related to Dixon Advisory, roughly 300 come from 31 other financial firms. Singh emphasised that AFSLs are responsible for the payment of compensation ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
Total compensation for Dixon Advisory victims has reached $338.6 million as the Australian Financial Complaints Authority (AFCA) caps the total number of complainants at 2773. The Financial Advice Association Australia (FAAA) calculates that the financial ...