In an ASX announcement, Dixon Advisory and Superannuation Services (DASS), a wholly owned subsidiary of E&P Financial Group Limited, announced it had appointed PwC partners, Stephen Longley and Craig Crosbie, as voluntary administrators.
The directors of DASS determined the company would likely become insolvent at some future time due to “mounting actual and potential liabilities”, including legal proceedings, claims being determined by the Australian Financial Complaints Authority and regulatory penalties.
In November last year, law firm Piper Alderman filed a class action against Dixon Advisory over allegations the company provided conflicting advice to SMSF clients.
A lawsuit was also filed against Dixon Advisory in…