Important Update – August 2026
On 27 July 2026, the Federal Court of Australia made orders approving the settlement of this proceeding.
We have been appointed by the Court as the settlement administrator. Our role is to monitor the implementation and distribution of the settlement.
Background
The AMP Super Class Action alleged that AMP paid too much to related entities for administration services, resulting in excessive fees on members’ superannuation accounts.
The class action also included 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.
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.
We have been appointed as settlement administrators. This means that we 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 here.
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
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.
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.
The deadline to opt out for this class action was 23 May 2025.
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)