Australia's Westpac hit by class action lawsuit
Add BT as a preferred source
[BENGALURU] Westpac Banking Corp said on Friday it would defend itself against a class action lawsuit filed against its life insurance and pension units.
Law firm Slater and Gordon said it filed the class action on behalf of thousands of superannuation members whom it said "were shortchanged" by the bank's superannuation funds.
The lawsuit relates to Westpac subsidiaries BT Funds Management Ltd and Westpac Life Insurance Services Ltd.
Slater and Gordon last year filed two lawsuits against the pension units of the country's biggest lender Commonwealth Bank of Australia and wealth manager AMP.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
National Day Rally: 8 things to know, from more childcare leave to higher BTO income ceiling
NDR 2026: Every Singaporean child to get direct financial support from birth to age 17
Gold jumps as Treasury buybacks revive debasement concerns
When every phone becomes a satellite phone, what happens to Asia’s telcos?
