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Insurance

Colonial First State, AIA agree $140m class action settlement

Colonial First State and AIA Australia will pay a combined $140 million to settle a class action lawsuit brought by hundreds of thousands of super fund members who paid excessive insurance fees.

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Read more: CFSAIA AustraliaCBACFSILShine LawyersFirstChoice Personal SuperColonial First State Investments LimitedFederal Court of AustraliaColonial Mutual Life Assurance SocietyFirstChoice Employer SuperKKR