A class action against Colonial First State has concluded with a landmark $249 million settlement. More than 500,000 super fund members will share the payout. The settlement was confirmed on August 30, 2026. News.com.au reported one Australian member was "dumbfounded" after taking a stand. The Courier Mail confirmed 500,000 members get a slice of the payout. 7NEWS said thousands of Aussies will share from the deal. Superreview.com.au called it a record result for the sector. Daily Mail reported more than 500,000 Aussies qualify 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