Regulatory Alerts2026-02-04
ASIC urges super trustees to address serious gaps in anti-scam and fraud protections
The Australian Securities and Investments Commission has issued a warning to superannuation trustees after a review revealed significant deficiencies in their anti-scam and fraud communications compared to major banks. The assessment of 47 funds found that most lacked clear, accessible, and actionable information, with many failing to provide dedicated reporting channels or define what constitutes a scam. ASIC is urging trustees to urgently improve these practices and align with baseline measures outlined in recent regulatory papers to protect members from escalating digital threats.
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