Mon, 3rd Feb 2025

In this week's podcast, Paige Estritori covers top stories in Australia's superannuation sector. The Australian Securities and Investments Commission (ASIC) is increasing regulation over potentially risky super funds due to concerns of aggressive sales tactics and social media misuse. ASIC's surveillance program is particularly targeting harmful advice around Self-Managed Super Funds. Minister Stephen Jones has also launched a 'War on Scams' campaign, aimed at shutting down financial frauds. Additionally, the Association of Superannuation Funds of Australia (ASFA) has proposed that ASIC should have primary regulation over scam oversight in the super sector. This step, endorsed by the ASFA and the Australian Financial Complaints Authority, is intended to consolidate regulatory resources, provide protective measures, and ensure accountability.n