Trio Capital pair named in UK proceedings
Two of the names at the centre of the collapse of Trio Capital have turned up on a court list published by the United Kingdom's Serious Fraud Office (SFO).
The court list, published this week, names Jack Flader and James Sutherland as being the subject of proceedings brought by the crown set down for Monday, 11 January.
Flader, a Hong Kong-based US lawyer was named during a Senate inquiry as being the mastermind behind the Trio Capital collapse while Sutherland is an accountant who was named as Flader's business partner and also based in Hong Kong.
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
