Too many Australians' retirement savings are being wiped out, says ASIC | The Business | ABC NEWS

Super funds and other providers have been called out by the regulator for a 'troubling' lack of safeguards. The Australian securities and investments commission (ASIC) reviewed six trustees with $300 billion in retirement savings. The Business presenter David Taylor sat down with ASIC Commissioner Simone Constant to discuss this and other potential reforms. She says "immediate attention" is needed to deal with persistent gaps in advice fee controls. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-06-2... Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia