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is your super in safe hands? super scams, cold calls & protecting your retirement savings

Sep 24, 2026
Kristian Fok, CEO of Cbus Super and a leading retirement savings specialist, explores the world of superannuation scams and cold-call tactics. He compares regulated funds with risky platforms, explains why the cheapest option may not be best, and discusses performance tests, early withdrawals, longevity risk, lifecycle funds, the age pension and making super simpler and safer.
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INSIGHT

Why Super Scams Start With Free Checks

  • Super has become Australians’ second-largest asset, attracting operators seeking access to retirement savings.
  • Lead generators exploit anti-hawking rules by disguising permission as a free online super check.
ANECDOTE

How A Free Super Check Becomes A Sales Funnel

  • Scam ads imitate well-known funds, collect basic details, then trigger high-pressure calls instead of delivering a report.
  • Lead generators earn money for creating anxious prospects, sometimes operating alongside the entities receiving them.
INSIGHT

Why Fund Structure Changes Your Protection

  • Large industry and retail funds benefit from substantial regulation, capital backing, professional teams, and clearer accountability.
  • SMSF trustees carry personal responsibility with lighter oversight and more limited compensation if something goes wrong.
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