We have now launched the third class action in our Get Your Super Back campaign. This class action alleges that BT Super has been shortchanging the members of its BT Super For Life cash-only option, resulting in members losing potentially thousands of dollars from their retirement savings.
This case is the latest in our wave of class actions to help get victims of 'super cash rip-offs' their money back. Our class action against BT and Westpac Life alleges that BT breached the trust of its members by investing the money through a related party, allowing Westpac Life to keep up to half the returns on members’ money for itself.
What you need to know about the BT Super class action
This case is the third in our wave of class actions, and is for BT Super members who held a BT Super For Life account and have invested in the cash-only option from 29 October 2007.
There is nothing you need to do at this stage to participate in proceedings. If you are or were a BT Super For Life member and invested in the cash-only option then you will automatically be included as a group member. To receive updates about the matter as it progresses, we invite you to register your interest below.
Our claim against BT Super includes thousands of members. If you believe you could be affected, then register your interest in our class action today.
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Other class actions
Slater and Gordon have launched three class actions as part of our Get Your Super Back campaign, against Colonial First State, AMP and BT. But we won't stop there. We plan to launch more class actions against big bank-owned super funds that we allege have rorted the system to boost their own profits instead of looking after members.
If you think you've been ripped off, make sure you check out our national Get Your Super Back campaign for more cases and regular updates.