Settlement Approval Hearing Update
The settlement approval hearing was held on 7 April 2026, and the judgment has been reserved. This webpage will be updated once the Court delivers its decision.
In-principle settlement reached
We’re pleased to confirm that a settlement of $120 million has been reached in the AMP Super Fees Class Action, subject to Court approval.
From March 2026, Notices of Proposed Settlement were distributed to eligible group members.
The Notice contained important information about the proposed settlement of the class action. If you received a Notice, please read it carefully in order to understand how the proposed settlement may affect your legal rights.
You do not need to do anything or provide any further information at this stage to remain part of the AMP Superannuation Class Action.
Background
The AMP Super Class Action alleges that AMP paid too much to related entities for administration services, resulting in excessive fees on members’ superannuation accounts.
The class action also includes claims where member’s funds were held in specific cash-only investment options and members received interest rates lower than what a reasonable and diligent trustee could have obtained on the open market.
On 20 August 2019, the Court made orders consolidating our proceeding with a similar proceeding filed by Maurice Blackburn Lawyers. As a result of this consolidation order, we are running the matter jointly with Maurice Blackburn pursuant to an agreed cooperation protocol and under the supervision of a Court-appointed costs referee.
Frequently Asked Questions
A class action is a type of legal proceeding in which one person, the Applicant, brings a claim on behalf of a wider group of people who have been affected by the same conduct. By grouping claims together and pursuing them collectively, the overall value of the claim makes it economically worthwhile to do so, even if the value of individual claims are modest.
No. You will not be exposed to any out-of-pocket costs as a result of your participation or registration in the claim.
Class actions can take between one and five years to resolve, although each class action is different, and the time required for a claim depends on a variety of factors, such as the complexity of the issues involved, the amount of evidence to be considered, and the tactics adopted by the respondents in defending the claim.
The deadline to opt out for this class action was 23 May 2025.
We are here to help. Make an enquiry now.
If you have a question about the AMP Super Class Action, or any other class action, make an enquiry now and our team will be in touch as soon as possible.
Key Documents
Draft Settlement Distribution Scheme
Second Further Amended Consolidated Statement of Claim
First and Second Respondents' Defence to the Further Amended Consolidated Statement of Claim
Amended Defence of the Third Respondent (AMP Life)