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Westpac rejects class action claims

James Frost
James FrostFinancial services writer
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Westpac has rejected claims that 40,000 life insurance customers are somehow worse off by offering tiered premiums after Shine Lawyers launched a class action against the bank this morning for gouging customers.

Shine Lawyers launched a class action against Westpac in the Federal Court on Thursday for allegedly selling customers life insurance policies at steep mark ups in a case they speculate could be worth $100 million.

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
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    Original URL: https://www.afr.com/business/banking-and-finance/financial-services/westpac-rejects-class-action-claims-20171013-gz0lwu