Australia's Westpac hit by class action lawsuit

Credit: REUTERS/Edgar Su

Westpac Banking Corp said on Friday it would defend itself against a class action lawsuit filed against its life insurance and pension units.

Updates with comment from Slater and Gordon

Sept 6 (Reuters) - Westpac Banking Corp WBC.AX said on Friday it would defend itself against a class action lawsuit filed against its life insurance and pension units.

Law firm Slater and Gordon said it filed the class action on behalf of thousands of superannuation members whom it said "were shortchanged" by the bank's superannuation funds.

The lawsuit relates to Westpac subsidiaries BT Funds Management Ltd and Westpac Life Insurance Services Ltd.

Slater and Gordon last year filed two lawsuits against the pension units of the country's biggest lender Commonwealth Bank of Australia CBA.AXand wealth manager AMPLtd AMP.AX.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Jane Wardell)

((abyjose.koilparambil@thomsonreuters.com; +91 80 67496061))

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