Dixon Advisory

Financial planning

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 ...

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

Compliance mistakes advisers can avoid from Dixon Advisory

A compliance expert has shared three tips that financial advisers can learn from the mistakes of Dixon Advisory, based on the firm's AFCA determinations. ...

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

E&P Financial Group seeks ASX de-listing

E&P Financial Group, former parent of Dixon Advisory, has formally requested to delist from the ASX, with the company noting the negative impact of regulatory proceedings...

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...