AMP Limited has vowed it will vigorously defend a class action mounted over its superannuation products.
The company announced to the Australian Securities Exchange (ASX) today that it was subject of a superannuation class action filed against certain of its subsidiaries by Maurice Blackburn in the Federal Court in Melbourne.
It said the action related to the fees charged to members and that the proceedings was on behalf of superannuation customers and their beneficiaries.
“The proceeding will be vigorously defended,” it said.
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