Colonial First State ordered to pay $20M for misleading 13,000 MySuper members

Alexandra Folie 2021-10-19 2:18 pm By Miklos Bolza | Sydney

Please login to bookmark

The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their MySuper entitlements through a “concerted campaign” that lasted two years.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au