Class action claims banking giant 'charged excessive fees for years'

Class action claims banking giant 'charged excessive fees for years'

More than two million Australians are seeking redress for years of alleged excessive fees on their superannuation accounts.A class action led by Slater and Gordon and Maurice Blackburn Lawyers against financial services giant AMP will begin in the federal court today.The class action claims AMP trustees systematically overcharged members on some products between 2008 and 2020.READ MORE: At least 27 injured, including four children, in Liverpool …

Class action against AMP kicks off in Federal Court

A major class action against AMP has commenced in the Federal Court, alleging the firm’s trustees overcharged fees over a 12-year period, impacting more than 2 million super members.

AMP in court defending super fees class action - Financial Newswire

Law firm Slater and Gordon has gone immediately public in highlighting a legacy class action it is pressing home against AMP Limited over allegedly excessive fees charged on superannuation accounts. The class action kicked off in the Federal Court this week with both Slater and Gordon and Maurice Blackburn Lawyers seeking to prosecute clams that AMP trustees systematically overcharged members between 2008 and 2020 “especially those invested in u…

Class action says AMP did 'nothing' for 12 years to get better rate for super clients

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers’ superannuation with the bank. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email …

AMP Class Action For Overcharging Superannuation Commences AMP Class Action For Overcharging Superannuation Commences

Class Action Begins: Millions of superannuation members head to court over alleged overcharging by AMP\ A major class action against financial services giant AMP will begin in the Federal Court today, as more than two million Australians seek redress for years of alleged excessive fees on their superannuation accounts. The class action, led by Slater […] The post AMP Class Action For Overcharging Superannuation Commences first appeared on . Sour…