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QSuper settles $67m class action
Financial Standard
|June 02, 2025
QSuper, which merged with Sunsuper to create Australian Retirement Trust (ART), Australia's second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums.
The settlement for the class action, which was brought against the fund in the Federal Court in November 2021, still requires court approval and is without admission of liability.
This story is from the June 02, 2025 edition of Financial Standard.
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