Click on a thumbnail below to see the full PDF version of the 2015 FPA Professionals Congress Daily News, published by the FPA’s major media partner, Professional Planner.
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19 November 2015 00:01
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Trustee-for-hire model in trouble as EQT calls time on super and Diversa turns on Praemium
The ASX-listed parent company of Equity Trustees Superannuation Limited has confirmed it will divest its super trustee-for-hire business in the aftermath of the $1 billion Shield and First Guardian collapse. Diversa Trustees, which is being sued for onboarding First Guardian, is seeking compensation from Praemium should it be ordered by the court to remediate investors.
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