Members of QSuper have filed a class action against the super fund in the Federal Court of Australia, alleging they were overcharged for life insurance policies.
The class action, run by Shine Lawyers on behalf of the members, accuses QSuper of breaching its obligations by failing to sufficiently notify its members of changes to premiums.
According to Shine class actions practice leader Joshua Aylward, QSuper’s conduct resulted in “significant financial loss for up to 140,000 members”.
"QSuper changed their life insurance policy on 1 July 2016 and failed to adequately notify its members of how to get cheaper premiums," Aylward said.?
"Significantly, most of the fund members impacted are Queensland Government employees and their spouses, teachers and health industry workers like doctors and psychiatrists.”
The law firm also alleges white collar workers were charged the same increased premiums despite not having the same risk-factors present in their line of work.
“It's incredibly disappointing that essential workers serving our community at all hours are those taken advantage of by this super fund," Aylward said.?
QSuper has responded, saying it “has no comment on a matter before the courts”.
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