Dixon Advisory

Financial planning

Dixon Advisory class action settles for $16m

E&P Financial Group has settled a class action related to Dixon Advisory for $16 million as Senator Andrew Bragg questions why the taxpayer should foot the bill for consu...

Financial planning

Dixon Advisory consumer losses totalling $357 million: AFCA

If all the 1,851 complaints of losses made to AFCA about Dixon Advisory were paid out, it would total $357 million, the organisation said, but it is yet to issue any form...

Financial planning

Dixon Advisory’s $7.2m penalty unlikely to ever be paid: ASIC

Appearing at Senate estimates, ASIC deputy chair Sarah Court has claimed the $7.2 million penalty issued to Dixon Advisory was made to send a “deterrent message” as the f...

Financial planning

Dixon Advisory director to face civil penalty proceedings

ASIC has commenced civil penalty proceedings in the Federal Court against a director of Dixon Advisory and Superannuation Services for alleged breaches of directors’ duti...

Financial planning

Almost 5k advice and investments complaints to AFCA in FY22–23

Investment and advice complaints have seen a 51 per cent increase in the last financial year, largely attributed to complaints against Dixon Advisory and Best Leader Mark...

Funds management

A troubled history of DASS

As E&P appoints a new chief executive and the government brings in the CSLR that should help affected consumers, Money Management has collated a timeline of events at the...

People & Products

E&P Financial appoints new CEO

E&P Financial Group, parent of Dixon Advisory, has appointed a new chief executive as Peter Anderson steps down....

Financial planning

CSLR passing brings hope for DASS victims

The Australian Financial Complaints Authority will begin reviewing the status of paused complaints, including around 1,700 related to Dixon Advisory, now that Parliament ...

Financial planning

Less than 1% of Dixon Advisory complaints have progressed

Hundreds of consumers with Dixon Advisory complaints are still waiting for updates months later as AFCA awaits the introduction of the Compensation Scheme of Last Resort ...

Financial planning

E&P updates on impact of DASS failure

Expenses incurred by responding to the failure of Dixon Advisory and Superannuation Services has caused total revenue at E&P Financial Group to decline by 15%....

Funds management

ASIC’s Dixon Advisory complaints call demonstrates need for broad-based CSLR

The corporate regulator’s call for former Dixon Advisory clients to register any complaints with AFCA demonstrates the need for establishing a broad-based Compensation Sc...

Financial planning

DASS clients urged to make AFCA complaint

Former clients of Dixon Advisory and Superannuation Services have been urged to make a complaint as soon as possible as they may be eligible for compensation under a pote...

Policy & Regulation

ASIC suspends Dixon Advisory’s AFS licence

ASIC has suspended the Australian Financial Services (AFS) licence of Dixon Advisory & Superannuation Services Pty Limited....

Financial planning

Where next for Dixon Advisory?

Evans & Partners has set aside $8.2 million for penalties related to Dixon Advisory & Superannuation Services as 70% of affected clients transfer to E&P....

Financial planning

Dixon Advisory collapse prompts profit decline at E&P Financial

E&P Financial Group has announced its half-year profits have been impacted by regulatory expenses following the collapse of its subsidiary Dixon Advisory....