Commonwealth Bank of Australia's pension arm hit with another class-action lawsuit

2020-02-27 02:25:22    阅读:622650


uters) - Commonwealth Bank of Aust

ralia (CBA.AX) said on Thurs

day a class-action lawsuit was filed against its pension arm, Colo新版跑狗图金马会 nial First State, for allegedly not acting in customers interest for insurance

policies. The pension arm of Australia’s biggest bank has been hit with at least three

such lawsuits, highlighting the i

ntense scrutiny the sector faces after a government-backed inquiry showed


over-charging of fees. The law firm, Shine Lawyers, had said in a statemen

t earlier this week that Colonial First S

tate encouraged customers to pick policies by CBA’s insurance unit CommInsure, leaving them with higher premiums. “These customers were forced to pay more for life insurance as well as total and permanent disability insurance, and this has eaten into their superannuation,

its class act

ions pr

actice leader Rebecca Jancauskas had said. The country’s biggest bank said it was revi

ewing the claim, while the law firm said it acted on behalf of “hundreds of thousands of Australians.