The Supreme Court of New South Wales has approved the settlement for the shareholder class action brought against AMP after the Hayne royal commission in 2018 for $110 million, according to an update from class action law firm Maurice Blackburn.

AMP agreed to the settlement in August and would not be required to make any admission of liability.

Maurice Blackburn, who lead the class action plaintiffs, have been appointed settlement administrator of the settlement distribution scheme.

Registrations for the class action have now closed.