E&P ‘intends’ to defend Dixon Advisory class action claim

Carrie LaFrenz and Jonathan Shapiro

Nov 4, 2021 – 11.04am

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E&P Financial Group and its wholly-owned subsidiary, Dixon Advisory & Superannuation Services Pty Ltd (DASS), says it intends to defend the class action claim brought against it in a Melbourne court alleging it provided conflicted advice that was not in the best interest of the firm’s clients.

Former Dixon Advisory client Trudy Stott is a director of the corporate trustee of her self-managed super fund, Kosen-Rufu Pty Ltd, which is the lead plaintiff in a class action filed in the Federal Court of Australia on November 1.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.