Dixon Advisory

Financial planning

FAAA expects Dixon to push CSLR levy past $100m in FY26–27

Compensation claims regarding United Global Capital may be a “much bigger issue” than Dixon Advisory this year, the FAAA has said, but Dixon will be back on the agenda fo...

Financial planning

Senate defers Dixon Advisory inquiry report

The Senate has opted to extend the date of the inquiry into Dixon Advisory and wealth management companies, having originally been scheduled to complete next month....

Financial planning

UGC to blame for 'eyewatering' CSLR cost increase

Contrary to expectations that Dixon Advisory would form the bulk of CSLR compensation, around three-quarters of the sum for FY26 relates to United Global Capital. ...

Financial planning

AFCA enacts 93% rise in member expulsions

The number of members expelled from the Australian Financial Complaints Authority almost doubled between 2023 and 2024, according to internal data. ...

Funds management

Dixon Advisory parent E&P delists from ASX

Having sought shareholder approval in November, E&P Financial Group has formally delisted from the ASX after six years. ...

Financial planning

E&P moves to non-executive board

E&P Financial Group has announced director Tony Johnson will move into a non-executive capacity next year, meaning chief executive Ben Keeble will be the only executive r...

Financial planning

Dixon investment committee actions warrant scrutiny: FAAA

The actions of the investment committee at Dixon Advisory should be placed under greater scrutiny in the upcoming Senate inquiry, according to the FAAA. ...

Financial planning

The 2 areas of CSLR that could easily change

There are two areas where Minister for Financial Services, Stephen Jones, has the power to change CSLR without the need for law changes....

Financial planning

AFCA and FAAA at odds over causes of industry failure

The FAAA and AFCA are in disagreement regarding how much of an industry collapse, such as Dixon Advisory, relates to product failure and how much relates to advice. ...

Financial planning

FAAA explores how to prevent AFSL phoenixing

The FAAA is actively exploring and has sought legal advice on how the problem of phoenixing AFSLs can be avoided to prevent the burden falling on the CSLR and the advice ...

Financial planning

Advice acquirers urged to prepare for potential compensation

In an environment of M&A, CA ANZ has stated any company looking to acquire an advice firm should be prepared to bear responsibility for any compensation to aggrieved clie...

Funds management

E&P’s ‘dishonourable’ decision to turn back on shareholders

A major E&P shareholder has admonished the firm’s decision to delist the company at a time when shares are finally starting to recover from significant losses, as “only a...

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

E&P Financial Group shareholders vote on de-listing

Following an extraordinary general meeting today, Dixon Advisory parent company E&P Financial Group’s shareholders have voted on its proposed delisting from the ASX....

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 ...