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Important update regarding the AMP Super Fees Class Action
On 27 July 2026, the Federal Court of Australia made orders approving a settlement of this proceeding.
The Court has appointed Slater and Gordon as settlement administrators, who are responsible for monitoring the implementation and distribution of the settlement.
The AMP Super Fees Class Action was brought on behalf of persons who held certain superannuation account(s) with AMP from 1 July 2008 to 15 May 2020.
The claim alleged that the AMP superannuation trustees and other members of the AMP Group breached a number of legal obligations during the relevant period, which resulted in AMP members being overcharged administration fees for an extended period of time.
Settlement Approved
On 16 February 2026, the parties to the AMP Super Fees Class Action completed and formally executed a proposed Deed of Settlement to resolve the proceeding for the sum of $120 million. We note that AMP has made no admissions of liability.
On 27 July 2026, the Federal Court of Australia made orders approving settlement of the AMP Super Fees Class Action. The Court was satisfied that the settlement is fair and reasonable and in the interests of group members.
Slater and Gordon have been appointed as settlement administrators. This means that they are responsible for monitoring the implementation of the settlement and the distribution of the settlement sum to eligible group members consistent with the Settlement Distribution Scheme (SDS).
The SDS sets out the settlement administration process, including how individual distribution payments will be calculated and the steps that need to happen before any money can be paid to group members. A copy of the SDS is available at this link.
In accordance with the SDS, the settlement administrators will make payments based on a list of members of eligible superannuation products provided by AMP. If your name is included on that list, you will not need to take any active steps in order to receive payment. As settlement administrators, Slater and Gordon will be responsible for handling all group member enquiries about the settlement distribution. If you have any queries about the settlement distribution process, please direct your enquiries to AMP@slatergordon.com.au or call 1800 071 827.
If you have any queries about the conduct of the case prior to the approval of the settlement, feel free to contact us directly at 1800 111 222.
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Australian leaders in class actions.
Our reputation for excellence in class actions is unparalleled, having recovered more than $5 billion for clients.
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Australian leaders in class actions.
Our reputation for excellence in class actions is unparalleled, having recovered more than $5 billion for clients.
We're the only Australian class actions firm to deliver $100m+ settlements in multiple shareholder and listed securities actions, which we have done on 11 occasions.
Lower cost to clients
Biggest recoveries
Most experienced
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