Super investment holders launch By the Specialist Reporting Team’s Loretta Florance and social affairs correspondent Norman Hermant

Super investment holders launch By the Specialist Reporting Team’s Loretta Florance and social affairs correspondent Norman Hermant

Updated Might 30, 2019 09:42:43

Scandal-plagued wealth administration firm AMP faces another course action, this time around from the clients, that are hoping to claw back vast sums of bucks lost after their super funds had been presumably eroded by costs.

Tips:

  • Maurice Blackburn claims 2.5 million AMP superannuation reports happen charged a lot of in administration costs
  • Solicitors think the damages against AMP could possibly be “very, extremely significant”
  • The financial company is already being struck having a shareholder course action

Law practice Maurice Blackburn stated the lawsuit that is latest will be predicated on revelations during the banking royal commission that AMP regularly charged more in administration costs than they ought to have.

Major lawyer Brooke Dellavedova stated there might be big damages up against the company that is financial. Continue reading “Super investment holders launch By the Specialist Reporting Team’s Loretta Florance and social affairs correspondent Norman Hermant”