Suncorp hit with super class action

Suncorp has been hit with class action proceedings over superannuation commissions. (AAP)

Suncorp has been hit with class action proceedings in the NSW Supreme Court over superannuation commissions paid to financial advisers.

Suncorp has been hit with class action proceedings over superannuation commissions paid to financial advisers.

The banking and financial services giant says it will defend the NSW Supreme Court proceeding against wholly owned subsidiary Suncorp Portfolio Services.

William Roberts Lawyers and litigation funder Litigation Capital Management Limited have alleged fees paid to advisers breached Suncorp Super's duties to avoid conflicts, act with due care and diligence, and act in the best interest of its members.

Source AAP

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