Dixon Advisory

Financial planning

Bragg calls for ‘heads on spikes’ over wrongdoing

Dixon Advisory is a prime example of ASIC’s lack of enforcement action and wrongdoing will continue unless there are “heads on spikes”, according to Senator Andrew Bragg....

Financial planning

AFCA accelerates work on Dixon complaints ahead of CSLR

AFCA has doubled the team handling Dixon Advisory complaints, with the Compensation Scheme of Last Resort just six weeks away from implementation....

Funds management

E&P advances CEO appointment as Anderson departs

E&P Financial Group has brought forward the appointment of its new chief executive and managing director as it seeks to take advantage of the macro themes playing out in ...

Financial planning

The profession's fear of future ‘black swan’ event impacting CSLR funding

Advisers “live in fear of the next black swan event”, according to FAAA general manager Phil Anderson, as they anticipate the start of the Compensation Scheme of Last Res...

Financial planning

How much longer do Dixon Advisory victims have to wait?

AFCA has confirmed to Money Management when it will start issuing determinations on Dixon Advisory complaints with a view to the Compensation Scheme of Last Resort’s intr...

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%....