Dixon

Financial planning

Federal Court gives verdict on Dixon Advisory director Ryan

The Federal Court has given a verdict on ASIC’s case against Dixon Advisory director Paul Ryan which had alleged he breached his director duties....

Financial planning

‘No blanket rule’ in assessing large-scale advice complaints

With less than 5 per cent of Dixon Advisory complaints closed, AFCA has detailed how it is dealing with systemic issues, known as batch matters, through a consistent yet ...

Financial planning

How many Dixon complaints has AFCA processed?

AFCA has revealed to Money Management the number of Dixon Advisory complaints it has closed so far out of the more than 2,700 total complaints received....

Financial planning

‘Mere disclosure is not enough’: Avoiding conflicts of interest breaches

AFCA has urged financial advice firms that when recommending a product to clients where it receives any benefits, advisers must go beyond merely disclosing conflicts of i...

Financial planning

The ‘stroke of luck’ with Dixon collapse

The fallout from Dixon Advisory and effect on the professional indemnity insurance market could have been far worse, according to Numerisk’s Richard Silberman, if the pro...

Financial planning

Advisers given 5 weeks to submit to Dixon inquiry

The final terms of reference for the Dixon Advisory inquiry have been released by the Senate economics references committee, and advisers have just over five weeks to mak...

Financial planning

Exploring the areas where AFSLs come unstuck

As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AF...

Financial planning

Inquiry into Dixon Advisory approved by Senate

An inquiry is due to probe the collapse of Dixon Advisory and its impact on the Compensation Scheme of Last Resort....

Financial planning

FAAA ramps up pressure for Dixon public inquiry

The Financial Advice Association Australia has written to every member of Parliament to press the case for a public inquiry into the Dixon Advisory collapse and the CSLR....

Financial planning

‘Unnecessary’ for ASIC to interview Dixon advisers

ASIC has confirmed it was “unnecessary” for the regulator to intensively interview Dixon Advisory advisers about the problems at the firm....

Financial planning

Will UGC cause the next CSLR advice levy increase?

AFCA is considering whether complaints against advice licensee United Global Capital, which saw its AFSL cancelled this week, will be covered by the CSLR and how many com...

Financial planning

FAAA’s Anderson questions Dixon Advisory secrecy

The FAAA’s Phil Anderson has written an open letter calling for a public inquiry to uncover why the case of Dixon Advisory has been so closely guarded given the high volu...

Financial planning

Final Dixon complaints tally stands at 2,773 complaints

The Australian Financial Complaints Authority has confirmed that Dixon Advisory is no longer a member, with some 2,773 complaints having been received by the expulsion da...

Financial planning

Will Dixon costs impact the 2023–24 ASIC funding levy?

With the indicative ASIC levy expected soon, the FAAA has queried whether the cost of action against Dixon Advisory will impact the 2023–24 figures. ...

Financial planning

Bragg slams ASIC’s ‘lack of action’ in inquiry report

Ahead of the upcoming ASIC inquiry report, Senator Andrew Bragg has criticised the regulator and Labor government for the impact of rising levies on financial advice prac...