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 | Melbourne

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.