Dixon Advisory

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

Dixon Advisory issues ‘resolved’, says E&P

E&P Financial Group says outstanding legacy issues related to the Dixon Advisory collapse have been resolved, passing the buck for its compensation onto financial adviser...

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...

Financial planning

Why didn’t ASIC target individual Dixon advisers?

ASIC has detailed to the Senate economics committee why it decided to pursue action against Dixon Advisory rather than the individual advisers involved in the wrongdoing....

Financial planning

Alleged Dixon losses reach $458 million: AFCA

AFCA has told the Senate economics committee that alleged losses from Dixon Advisory clients are an estimated $458 million while outlining the concerns it is observing in...

Financial planning

Dixon Advisory to be expelled from AFCA membership

Dixon Advisory is to be expelled by the Australian Financial Complaints Authority, preventing any new complaints being made against the firm....

Financial planning

FAAA’s Anderson: CSLR a ‘progressively exploding disaster’

Phil Anderson, general manager for financial advice at the FAAA, believes the CSLR levy could reach $100 million if Dixon Advisory complaints are allowed to continue. ...