Maurice Blackburn has filed a class action on behalf of all AMP superannuation fund account holders.
The claim alleges that the AMP trustees and AMP Group companies contravened a number of statutory and/or general law obligations, which resulted in AMP members being overcharged administration fees for an extended period of time.
You can sign up now for our class action if you held one or more superannuation account(s) with AMP at any time from:
- 1 July 2008 for members of the AMP Superannuation Savings Trust, AMP Retirement Trust, or the Eligible Rollover Fund;
- 30 March 2011 for members of the Super Directions Fund, National Mutual Retirement Fund, Wealth Personal Superannuation and Pension Fund, or The Retirement Plan.
If you are unsure which fund you are (or were) a member of, please contact us on 1800 270 813 for assistance. To enable us to assist you, please have available any documents you possess relating to your superannuation account(s).
If you are looking for our shareholder class action against AMP, please click here.
We continue to make significant progress in this proceeding.
Throughout 2020 and 2021, we obtained access to and reviewed further tranches of discovery. These documents have improved our understanding of the respondents’ practices and will enable us to further build upon and refine our case against them. In December 2020, the Respondents were ordered to produce further tranches of documents.
On 20 August 2019, the Court made orders consolidating our proceeding and another proceeding. The consolidated proceeding is known as Dale Robert Alford, Sebastian Smith, Anne Cooper and Jodie Mitchell v AMP Superannuation Limited and others (VID572/2019) (Consolidated Proceeding).
The consolidation means that the class action will now be conducted by both Maurice Blackburn and another law firm acting jointly pursuant to an agreed cooperation protocol and under the supervision of a Court-appointed costs referee. All representative applicants will continue to act in their representative capacity.
The litigation funders in both proceedings will provide funding support in the Consolidated Proceeding. In consideration for the funding, the litigation funders are entitled to a funding commission on monies recovered in the proceeding.
As a result of the joint proposal reached by the applicants, the funding commission payable to the litigation funders will be left to the Court to decide at the time of settlement, according to what is fair and reasonable.
When ordering consolidation, the Court also made common fund orders, which meant that the Funding Terms bound all eligible group members in the Consolidated Proceeding, regardless of whether they had entered into a funding agreement with the litigation funders or retained Maurice Blackburn or the other firm of solicitors. This meant that all group members who ultimately participated in the class action would contribute in equal proportion to the costs of running the proceeding.
However, on 18 December 2019, the Court set aside the common fund orders following a High Court decision in an unrelated case which concluded that section 33ZF of the Federal Court of Australia Act 1976 (Cth) did not empower the Court to make common fund orders at the commencement of proceedings.
At the case management hearing on 4 September 2020, we informed the Court that we would be seeking common fund orders at the conclusion of the proceedings.
The consolidation and now set aside common fund orders, including the Funding Terms, are downloadable here.
How do I join?
To sign up, you must access the Client Portal here.
As part of the sign up process, you will be asked to provide information about your AMP superannuation fund account. It will be useful if you have a copy of a recent AMP superannuation statement at hand.
We are currently receiving a high volume of enquiries in relation to this class action. We will respond to your calls and emails as soon as we can and thank you for your patience.
If you are having difficulties in completing the form, please contact us at AMPSuperfees@mauriceblackburn.com.au or on 1800 270 813.