Too many Australians' retirement savings are being wiped out, says ASIC | The Business | ABC NEWS
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Super funds and other providers have been called out by the regulator for a 'troubling' lack of safeguards. The Australian securities and investments commission (ASIC) reviewed six trustees with $300 billion in retirement savings. The Business presenter David Taylor sat down with ASIC Commissioner Simone Constant to discuss this and other potential reforms. She says "immediate attention" is needed to deal with persistent gaps in advice fee controls. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-06-29/asic-says-australian-retirement-savings-being-wiped-out/106841924 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, business news, finance news, economic news, economy, finance, the business, abc news australia, the business abs, ASIC, The Australian Securities and Investments Commission, superannuation, super, super funds, Simone Constant, fees, retirement
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