QSuper members say they were overcharged mandatory life insurance premiums.
Background: QSuper are a Queensland-based not-for-profit industry super fund. They were previously a super fund just for the state's government employees...but this changed in 2017.
What happened: Fast-forward to now, and the super fund is facing a class action from 140,000 of its members. They're alleging they were overcharged mandatory life insurance premiums.
What else: These premiums were forced on members through QSuper's for-profit life insurance biz, QInsure Limited. Sneaky sneaky.
💡A class action is where a group of people with a legal claim join forces against a business or person.
💡There are a couple of reasons why people pursue class actions as opposed to pursuing a legal case on their own:
💡It's fair to say the 140,000 QSuper members would be hoping to (at least) be compensated for the payments...and then some.
Sign up for Flux and join 100,000 members of the Flux family