Tips to help protect yourself from financial scams

Dec 05, 2022

Here are some tips to help protect yourself from financial scams from AustralianSuper.

Scams are on the rise in Australia1.  As one of your biggest investments, super is often a target for scammers. 
Common types of scams to look out for include:
•    Email
•    Text message
•    Phone call
•    Voicemail
•    Mail
•    Applications or online platforms, such as dating or social networking.

Scammers are always finding new ways to target your assets and identity. They can take a sophisticated approach, appearing to come from a legitimate business – even using official-looking logos and addresses. They’ll often:  
•    Say they’re from your super fund, bank, or a government agency
•    Ask for personal information
•    Offer help, such as withdrawing your super. This might be as one lump sum to an account that doesn’t belong to you, or as a withdrawal to a SMSF.

Scams can occur any time throughout the year, However, there are some key moments to be especially alert, including when you’re:
•    Expecting a delivery
•    Trying to access your super
•    Making a large payment or transfer online.

Read the full article on how to protect yourself from financial scams: 
australiansuper.com/superannuation/superannuation-articles/2021/11/tips-to-help-protect-from-super-scams  

1. Scamwatch.gov.au statistics 1 January – 19 September 2021
Sponsored by AustralianSuper. This may include general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision consider if the information is right for you and read the relevant Product Disclosure Statement, available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/TMD.

AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.