Dixon Advisory & Superannuation Services - Case Update

The Court has approved the $16 million settlement reached in November in the Dixon Advisory & Superannuation Services (DASS) saga.

$4 million of that amount will be paid by parent company E&P Financial and E&P Operations, while the remaining approximately $12 million is made up of available insurance proceeds.

The class action was dismissed against E&P Financial and former directors Alan Dixon and Christopher Brown without any admission of liability.

Read the decision here.