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	<title>Money magazine Comments - AMP refunds customers into new high-fee super accounts</title>
	<description>AMP has placed money owed to former corporate superannuation customers into new accounts run by its own high-fee, low-return fund.</description>
	<link>https://www.moneymag.com.au/feed/latest?story=152788952</link>
	<lastBuildDate>Wed, 15 Jul 2020 23:34:55 +1000</lastBuildDate>
	<pubDate>Wed, 15 Jul 2020 23:34:55 +1000</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Money magazine</copyright>
	<ttl>5</ttl>
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		<title>Money magazine Comments - AMP refunds customers into new high-fee super accounts</title>
		<url>https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png</url>
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		<title>Comment by Diane Kleinlehrer ()</title>
		<link></link>
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		<description><![CDATA[
<p><p>Dear Susan,</p>
<p>This week while checking my junk mail, I found an email from Northonline, my old super fund.</p>
<p>It basically said that they have reopened an account and I should log on and take a look.</p>
<p>Luckily I still had the details from 3 years ago and to my huge delight there was $4000 waiting for me to discovery it myself. No explanation given.</p>
<p>A phone call to confirm told me to down load a form and send it to them.</p>
<p>My concerns are as follows,</p>
<p>1. What if I had missed this email as I often delete without checking.</p>
<p>2. Why was there no written correspondence</p>
<p>3. As they still have all my details why not just deposit in my bank account.</p>
<p>4. What if others don&#39;t see this correspondence</p>
<p>I gather is is due to the banking royal commission and AMP correcting interest rates but I think that they will end up absorbing back this money if they make it so difficult for clients to access.</p>
<p>I can&#39;t seem to find any further information on this. I feel that it should be reported that AMP is not only making in difficult to claim the money but seen reluctant to explain and be helpful.</p>
<p>I am sure there are many past clients of AMP in the same boat.</p>
<p>I don&#39;t think they have complied with what was requested of them.</p>
<p>Meanwhile I will fill out the form and wait.</p>
<p>Regards,</p>
<p>Diane Kleinlehrer</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Diane Kleinlehrer ()</dc:creator>
		<pubDate>Wed, 15 Jul 2020 23:34:55 +1000</pubDate>
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