CBA unit faces MySuper class action over delayed $3.2B funds transfer
CBA 2019-10-17 1:03 pm By Amelia Birnie | Sydney
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Commonwealth Bank subsidiary Colonial First State and former director Linda Elkins face a class action alleging the wealth management group breached its superannuation trustee duties by failing to promptly transfer $3.2 billion of default members’ funds to a lower-cost, high-performing MySuper product.

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