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Showing 41 - 50 of 233 results for "Dixon"

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... the CSLR. It also depends on the inclusion of any other large scale firm failures. "Whilst the total amount in relation to Dixon post the pre-CSLR allocation is unlikely to change significantly this amount will likely be spread over multiple levy periods ...

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... traded at 50 cents at the time of writing, dropping a whopping 80% from $2.50 in 2018 when it was better known as Evans Dixon. Trading volume is also stagnant, averaging 33,000 shares per day in the year to September. The board argued this makes it challenging ...

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
... Association 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 ...

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

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... Group's 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 ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... highlights the 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) ...

FAAA to work with Treasury on CSLR

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... compensation to 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 ...

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

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... general 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 ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... event, 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 ...