Protecting Your Super – 5 Ways to Stay Safe from Scams and Poor Investments
Recent reports of over $1.2 billion in retirement savings lost to collapsed funds have been a sobering reminder for many Australians to take greater care with their superannuation.
With more than 12,000 Australians impacted, the importance of vigilance when managing your financial future has never been clearer.
Working with a qualified financial advisor greatly reduces the risk of falling victim to fraudulent schemes, but there are still steps you should take to protect your hard-earned savings.
1. Only Use Licensed Financial Advisors
Always check the ASIC Financial Adviser Register to confirm your advisor is properly licensed in Australia. Avoid individuals who cold-call, pressure you to act quickly, or promise “exclusive” deals with unusually high returns.
2. Know Where Your Money Is Going
Be clear about the product or platform you’re investing in. If the structure is overly complicated or hard to explain, or if it’s not APRA-regulated, that’s a warning sign. Transparency should be non-negotiable.
3. Review Fees and Performance Regularly
Even small fees can significantly reduce your long-term balance. Review your statements at least once a year to:
Check where your money is invested
Track performance
Understand fees
Identify any unusual transactions
4. Diversify Your Investments
Don’t put all your savings into one asset type or unlisted investment. A well-diversified portfolio spreads risk across different asset classes, reducing vulnerability to market downturns or specific scheme collapses.
5. Stay Alert to Scams and High-Return Promises
Be skeptical of early-access offers or “guaranteed” returns. Contact your super fund or a trusted advisor if you’re unsure about any investment opportunity.
Let’s Talk
At Strategem, we take the safety of your retirement savings seriously. Our advisors operate under our own Australian Financial Services Licence (No. 244222) and Australian Credit Licence, and we are registered Tax (financial) advisors (No. 24786514). With strict investment guidelines and client-focused advice, we help you protect and grow your super for the future.
📍 Offices in Bendigo & Melbourne
🌐 www.strategem.com.au
📞 Contact us today to book a consultation.
We are here to help
If you need further advice, please do not hesitate to contact our office on (03) 5445 4777 and one of our Accountants & Advisors are available to support you.
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If you have any concerns about investment scams or would like to learn more about protecting your wealth, book a chat with one of our financial experts today.
