Independent expertise needed to check AFCA Dixon rulings
27 November 2024The methodology being used by AFCA to determine Dixon Advisory compensation is flawed and needs independent expert oversight says the SIAA.
The methodology being used by AFCA to determine Dixon Advisory compensation is flawed and needs independent expert oversight says the SIAA.
Colonial First State has established a new data-sharing agreement between its FirstChoice platform and Morningstar’s AdviserLogic software.
ASIC has admitted receiving 28 complaints against Dixon Advisory starting in 2005 but argues it fields around 11,500 complaints a year.
Financial advisers were raising issues around Dixon Advisory for more than a decade but the regulator did little until recently says the TAA.
The CSLR has declined to commentate on wealth company collapses but points to inherent moral hazards, SMSF establishments and phoenixing.
A significant majority of Australian seniors feel unprepared for the transition to aged care, according to the results of a new survey of over 65s.
ASIC has expanded its guidance around the new DBFO legislation including around informed consent for life insurance commissions.
Clime Investment Management will maintain a foothold in financial advice beyond its sale of Madison with the establishment of Clime Advice.
Insignia chief executive, Scott Hartley says the company is large but needs to become more efficient as nine brands are reduced to three.
Major accounting group CA-ANZ says the CSLR is unsustainable in its current form and another Dixon Advisory collapse will prove it.