A class action against Colonial First State has ended with a record $249 million settlement. More than 500,000 members of the super fund are set to receive a share. The settlement was confirmed on August 30, 2026. News.com.au noted one Australian member was "dumbfounded" after standing up. The Courier Mail confirmed 500,000 members will receive a share of the settlement. 7NEWS said thousands of Aussies will share from the deal. Superreview.com.au called it a record result for affected members. Daily Mail reported more than 500,000 Aussies are in line for a payout.
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