Current and former members of the following are invited to sign up:
FirstChoice Personal Super, FirstChoice Pension, FirstChoice Wholesale Personal Super, FirstChoice Wholesale Pension and FirstChoice Employer Super. As well as those who are members of the FirstRate Saver or FirstRate Saver Select investment option, and current and former members of Commonwealth Essential Super who are in the Cash Deposit, Balanced or Lifestage investment options.
Slater and Gordon, a leading Australian consumer law firm is bringing a class action against Colonial First State (CFS) and its parent bank, Commonwealth Bank of Australia (CBA).
CFS is a wealth management group that offers investment, superannuation and retirement products to individuals and corporate superannuation solutions to employers in Australia.
It is alleged that there was a breach of trust by CFS in relation to its ‘investment of members’ retirement savings with its parent company, The CBA, who in turn offered below market rate cash rate.
Slater and Gordon has filed proceedings in the Federal Court.
Register your interest here: https://www.slatergordon.com.au/getyoursuperback