A class action against Colonial First State has wrapped up with a record-breaking $249 million settlement. More than 500,000 members of the super fund are set to receive a share. The settlement was revealed on August 30, 2026. News.com.au noted one Australian member was "dumbfounded" after standing up. The Courier Mail confirmed 500,000 members are entitled to a portion of the settlement. 7NEWS said thousands of Aussies will receive money from the deal. Superreview.com.au called it a record payout in the super industry. Daily Mail reported more than 500,000 Aussies are eligible to receive compensation.
Sources & References
-
'Dumbfounded': Aussie's big super stand - News.com.au
'Dumbfounded': Aussie's big super stand News.com.au
-
Thousands of Aussies to share in $249 million settlement after superannuation class action - 7NEWS
Thousands of Aussies to share in $249 million settlement after superannuation class action 7NEWS
-
Super class action reaches record $249m settlement - superreview.com.au
Super class action reaches record $249m settlement superreview.com.au
-
Super boost as more than 500,000 Aussies eligible for a share in $249million settlement - Daily Mail
Super boost as more than 500,000 Aussies eligible for a share in $249million settlement Daily Mail