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	<title>Money magazine Comments - AMP to pay $29m to settle class action</title>
	<description>AMP will pay $29 million to settle a class action alleging advisers breached duties by selling overpriced insurance to 100,000 Australians.</description>
	<link>https://www.moneymag.com.au/feed/latest?story=179810945</link>
	<lastBuildDate>Fri, 03 Jul 2026 17:10:05 +1000</lastBuildDate>
	<pubDate>Fri, 03 Jul 2026 17:10:05 +1000</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Money magazine</copyright>
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		<title>Money magazine Comments - AMP to pay $29m to settle class action</title>
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		<title>Comment by Paul Canavan ()</title>
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<p><p>So, $29 million but the litigators and the litigation insurer will be requesting &#39;no more&#39; than $21.75 million (this is less than their entitlements). My math is that $7.25 million across 100 000 people or an average of $72.50 per person, assuming the judge agrees to the final split. Am I making the correct assumptions?</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>Paul Canavan ()</dc:creator>
		<pubDate>Fri, 03 Jul 2026 17:10:05 +1000</pubDate>
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