Phil.Anderson
Advisely Partner
Advisely PartnerCSLR and the cost of Dixon Advisory
This week has seen a big focus on the CSLR, and particularly the cost to the financial advice profession - $18.6m in 2024/25. The underlying story is the issue of the Dixon Advisory business. At last...
deborah.kent
Advisely Board
Advisely BoardThanks Phil.Anderson has usual a great summary. Phil as a small Advice firm I do not beleive I and others like me should be paying for the sins of Dixon, why make this retrospective? is it in fact a product failure rather than an Advice failure which if I am right was not considered in the CSLR legislation. I know the FAAA are onto this one lets hope we can get the Government to reconsider their position on this one
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What actions did ASIC take against Dixon Advisory which left the financial advice profession footing the $135 million bill?
It appears that either no analysis was done on the cost of the CSLR – or that steps have been taken to avoid disclosing what was done.
