Yes and more. There is a long line of egregious fee ripping from retirees savings. Retirees were seduced into investing in projects that first Dixon Advisory and then the rebranded E&P gouged. This has been going on since 2012
URF.....................the fees here became the magnet that enticed the Evans group to merge and enjoy the carcasses of retirees
NEW Energy. I implored Mr Anderson to sack E&P as the responsible entity because of its gross incompetence with URF. The fees were just too enticing. He would not sack the RE and so a great investing idea like URF was submerged in a flood of fees
Now E&P has turned its greedy gaze to CDs. CD1 and CD2 are near maturity and will shortly not be fee generating according to the PDSs. Since Mr anderson supported their previous fee gouging, the RE expected and got his support for its latest foray into retirees savings. The NSW Supreme Court has intervened and STRICTLY admonished Mr Anderson from directing the advisors to promote the EM. Mr Anderson earlier this year enjoined the advisors to speak in favour of the sale of URF for 23c per unit which other commentators portrayed as the DUD DEAL of the century. This alarmed the court
CD3 Price at posting:
$1.39 Sentiment: Hold Disclosure: Held
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