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News: AMP Australia's AMP hit with class-action lawsuit from pension account holders

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    May 30 (Reuters) - Australian law firm Maurice Blackburn on Thursday said it had filed a class-action lawsuit against wealth manager AMP Ltd (AMP) on the behalf of all AMP superannuation fund account holders.

    Maurice Blackburn alleges that AMP contravened a number of obligations resulting in members being charged "unjustifiably" high fees for an extended period of time. http//bit.ly/2I5Xgx7

    An AMP representative said the company had not been served with any proceedings on the matter, and that it would "defend the matter vigorously" if served.

 
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