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ASIC urges super trustees to improve scam and fraud prevention practices

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ASIC assessed scams and fraud-related website content across 47 superannuation funds. Photo: James D. Morgan/Getty Images

Hameed Shuja

2 min read
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Call comes after a recent review found serious gaps in communication with fund members, raising concerns about potential harm from scammers and fraudsters.

Australia’s financial regulator has warned superannuation trustees to take immediate action in order to protect fund members from potential criminal activity.

The country’s Securities and Investments Commission (ASIC) recently completed a review assessing scams and fraud-related website content across 47 superannuation funds. It found there were serious gaps in the

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