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Super investment holders launch because of the professional Reporting Team’s Loretta Florance and social affairs correspondent Norman Hermant

Super investment holders launch because of the professional Reporting Team’s Loretta Florance and social affairs correspondent Norman Hermant

Updated Might 30, 2019 09:42:43

Scandal-plagued wide range administration company AMP faces another course action, this time from the clients, that are hoping to claw right 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 have now been charged way too much in management costs
  • Solicitors believe the damages against AMP could possibly be “very, extremely significant”
  • The economic company is currently being struck with a shareholder course action

Law practice Maurice Blackburn said the latest lawsuit is considering revelations during the banking royal commission that AMP regularly charged more in administration charges than they need to have.

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