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Showing 1 - 10 of 71 results for "Dixon Advisory"

Court delays DASS class action settlement approval

KARREN VERGARA  |  FRIDAY, 5 APR 2024
The Federal Court has delayed approving the $16 million class action settlement against Dixon Advisory & Superannuation Services (DASS) as it seeks more information. The class action led by Shine Lawyers, which was also brought against former Dixon ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... 2024. This will be funded by the government. The CSLR will pay 11 claims for this period, one of which is for a Dixon Advisory victim. The second levy estimate, however, totals $24.1 million and will be borne by the sectors it regulates. Financial advisers ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... September 2022. The levy is capped at $250 million. The initial levy estimate includes provisions for victims of Dixon Advisory and Superannuation Services (DASS). There are still an outstanding number of former DASS self-managed super fund (SMSF) clients ...

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... determine if it will approve the $16 million to settle the class action against E&P Financial Group as some victims of Dixon Advisory and Superannuation Services (DASS) are running out of time to make a claim. On 3 April 2024, the federal court will ...

DASS compensation drags AFCA, lead decision published

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Compensating Dixon Advisory and Superannuation Services (DASS) victims continues to eat up the Australian Financial Complaints Authority's (AFCA) time and resources, so much so that a "lead decision" has been published to expedite the process. The complaints ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... should sit at $241 million. The CSLR said the amount includes a provision for most of the complaints made by former Dixon Advisory and Superannuation Services clients following its downfall, expected to amount to about $193 million. These complaints ...

E&P chief exits early

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... Property Fund (URF), for $16 million. Shine alleged that E&P's financial advisers, when they were operating under, Dixon Advisory Superannuation Services (DASS), gave unsuitable advice that did not consider clients' particular needs or entire ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... million. The lawsuit led by Shine Lawyers alleged that E&P's financial advisers, when they were operating under, Dixon Advisory Superannuation Services (DASS), gave unsuitable advice that did not consider clients' particular needs or entire financial ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
... investment and financial advice complaints rose 51% year on year to 4840. Some 1726 related to bad advice from Dixon Advisory and 656 came from foreign exchange-related complaints for Best Leader Markets. Stripping these out, there were 2458 investment ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... a boom in the Family Investment Office business by 45%. ASIC announced in early August that it was suing former Dixon Advisory & Superannuation Services (DASS) director Paul Ryan to the Federal Court in an alleged breach of duties that led to creditors ...
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