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Federal Court approves BT Super $30m settlement

The Federal Court approved the $29.95 million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member money in a cash option.

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Read more: BTFMSlater & GordonBT SuperFederal CourtJustice MurphyBT Funds ManagementWestpac Life Insurance ServicesBT Financial GroupMercerTAL LifeTherium Litigation Finance