A class action against Colonial First State has ended with a landmark $249 million settlement. More than 500,000 super fund members stand to benefit. The settlement was announced on August 30, 2026. News.com.au reported one Australian member was taken aback after standing up. The Courier Mail confirmed 500,000 members get a slice of the money. 7NEWS said thousands of Aussies will receive money in the settlement. Superreview.com.au called it a record settlement for the sector. Daily Mail reported more than 500,000 Aussies are eligible to receive compensation.
Sources & References
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'Dumbfounded': Aussie's big super stand - News.com.au
'Dumbfounded': Aussie's big super stand News.com.au
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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
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Super class action reaches record $249m settlement - superreview.com.au
Super class action reaches record $249m settlement superreview.com.au
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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