Submitted by Always blame a… on Wed, 2023-07-05 09:41

How about investigate the origins of the Dixon’s dodgy MIS products. And
the AFSL Responsible Manager and the Directors of Dixon’s who were forcing the Advisers to flog the dodgy vertically owned MIS.
As per usual the low hanging Advisers are the only ones really attacked. Not saying they did a good job. But they were owned and controlled by Dixon’s directors and AFSL.
Yet again the masters of this disaster, Dixon’s directors, executives etc get ZERO BLAME.
As for ASIC they were informed of this dodgy MIS for 10 years and did nothing about it.
A total ASIC failure yet again.

The content of this field is kept private and will not be shown publicly.
 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Ross Smith

Sorry, every July I meet with each client who signs off on their FDS which disclosed adviser fees paid for the last 12 m...

19 hours 33 minutes ago
Michael Chalmers

Meanwhile the government says it wants to lower the cost of advice. The governments regulator is ballooning how much t...

22 hours 47 minutes ago
Chris Cornish

If an adult signs a form stipulating a payment to occur, that should be the end of the matter - no need for the governme...

23 hours 50 minutes ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 3 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months ago