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Federal Court approves BT Super $30m settlement

Published: December 12, 2023

The Federal Court approved the $29.95 million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member money in a cash option.

Source: financialstandard.com.au

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Justice MurphySlater GordonBt Super For Life Superannuation FundBt Financial GroupWestpac Life Insurance ServicesGroup Member DataFederal CourtTherium Litigation FinanceLife Superannuation FundSuper CashLife PolicyIncome Rates