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AMP to pay $120M to settle superannuation class action
Class Actions 2025-09-15 10:41 am By Cat Fredenburgh

AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.

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‘News to me’: Judge slams HSF partner’s claim that subpoenaing witness not good practice
Insurance 2025-07-22 11:42 pm By Andy Sidler

A judge has slammed a Herbert Smith Freehills Kramer partner’s submission that it is not good practice to subpoena witnesses in complex litigation — saying this was “news to [her]” — and rejected client AMP’s bid to have a key witness testify from an Airbnb.

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Class action says AMP did ‘nothing’ for 12 years to get better rate for super clients
Class Actions 2025-05-27 11:25 pm By Andy Sidler

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.

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