AMP Hit with Another Class Action over 'Inflated' Insurance Premiums

AMP hit with another class action over 'inflated' insurance premiums

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me AMP is facing a new class action alleging certain superannuation fund members were hit with inflated premiums over a five-year period, after arguing a similar matter was “in search of a case” more than four years after being filed.  Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Pass…

AMP faces another class action

AMP Limited is facing into another legacy class action. The company has announced to the Australian Securities Exchange (ASX) that a new class action proceeding has been filed against N.M. Superannuation Propriety Limited in the Federal Court in Victoria. It said the proceeding has also been commenced against AMP Superannuation Pty Ltd and Resolution Life Australasia Limited. The AMP announcement said the proceeding relates to allegations of hig…