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 higher premium payments by certain members of AMP’s superannuation funds for life insurance (death only cover, total and permanent disablement cover and income protection cover) during the period 2019 to 2024.
AMP said that N.M. Super and AMP Superannuation Limited will be defending the proceedings.
I appreciate that we are stuck with the Government thievery that is the CSLR. The constant (and fair) argument from…
CLSR was meant to be the ‘last resort’, not the GoTo funding model that would unfairly burden honest business operators…
Unregulated MISs the base problem. Yet MIS remain out of CSLR ? And MIS remain largely Unregulated. WTF Corrupt Canberra
Exactly
Useless ASIC writes another report about excessive breach reporting where ASIC admit mass complaints about a crap crazy Red Tape…