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Tips to help protect yourself from financial scams | An AustralianSuper Editorial

February 2, 2023

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 here.

 

  1. 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.
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