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

In this episode Glen James chats with Kristian Fok, CEO of CBUS Super, one of Australia's largest industry super funds about the rise of super scams, how to spot one and what you can do to protect yourself. They also touch on One Nation's super plan and what they would change about the current super system if they had a magic wand! 00:00 - how super scams actually work 09:00 - how are industry super funds different from schemes like Shield and First Guardian which collapsed? 11:49 - how to protect yourself from scams 18:53 - understanding fees and cheapest doesn't equal better 24:24 - Kristian's thoughts on the performance test proposed reforms 30:13 - should Australian's be able to take home 3% of their super? 35:35 - lifestage funds, longevity risk & the role of the age pension 38:48 - what would Kristian and Glen change about the current super system 48:30 - the new class of adviser 49:00 - closing words Mentioned in the chat: ASIC's list of known entities involved in lead generation: https://www.asic.gov.au/about-asic/ne... This bonus episode is brought to you by Industry Super Funds. Stop. Check. Keep your super in safe hands. Visit superinsafehands.com to find out more. #MoneyMoneyMoney #SuperScam #SuperSeptember #AustralianSuper #IndustrySuper #CBUS #SuperannuationAustralia #SMSFAustralia #RetirementPlanning #SuperSafety Want to be a guest on the show? Apply here! https://www.moneypodcast.com.au/apply... money money money is proudly brought to you by Sphere Home Loans. No matter where you are in Australia, their team is ready to assist with your mortgage needs—whether you're purchasing a home, investing in property, or looking to refinance. Sphere Home Loans: https://www.spherehomeloans.com.au/ Need a system to manage your money? Check out the free Glen James Spending Plan here: https://education.moneypodcast.com.au... This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au. #personalfinance #money #investing #property #retirearly