Super scam alerts

As one of your biggest investments, super is often a target for scammers. These scammers may pose as Financial Advisers or claim to be from your super fund. Their goal is usually to get their hands on your money or steal your identity. You can find out more about the latest super scams below.

Reporting scams

If you think you've been scammed, please report it to us by calling us on 1300 300 273. You can also learn other ways to protect yourself by visiting our online security tips.

Latest scams, fraud and security alerts

Compare and switch super fund scam – February 2025

We’re aware of a scam where people are being contacted with offers to help you compare and switch super funds. Scammers may contact you through cold calling or social media ads.

Cold calling

Cold callers may offer a free review of your superannuation, convincing you that your existing super fund is underperforming. They use high-pressure sales tactics, exaggerated claims, emotional manipulation, and create a false sense of urgency to switch your super fund.

  • Don't answer calls from numbers you don't recognise, and
  • If you're stuck on a cold call, remember you can hang up at any time.

Social media ads

Just as cold callers use pushy tactics over the phone, some businesses target you on social media before selling their services. Posts questioning your super's performance or encouraging you to compare funds should be approached with caution.

  • Scroll past these posts to avoid getting hooked, and
  • Use your social media settings to 'see less' of these posts or block them.

To ensure you are interacting with the official AustralianSuper social media pages, please only access them via the footer section of our website.

Previous scam alerts

Protect yourself from scams

The costs of scams can be devastating. Don’t become a victim, find out how to protect your super and identity.

Identifying Financial Scams

Scams are on the rise in Australia and your super could be a target. Protect yourself and learn how to spot the signs.

Identifying a super scam

Scammers are always finding new ways to target your assets and identity. Approaches may be sloppy with emails containing obvious errors. Or sophisticated, with legitimate business names, perfect spelling, and official looking addresses. They’ll often: 

  • Say they’re from your super fund, bank or a government agency.
  • Ask for personal information.
  • Offer help with 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

Look out for promises of early access to super and unrealistic investment returns. And, always make sure operators are licensed. You can verify licensed operators on the Australian Security and Investment Commission’s (ASIC) Connect website.       

We’ll never send a SMS or email asking you to click on a link to update your personal information or linking to your account login page.  If you’re unsure about an email you’ve received from us, don’t click any links. Instead, open your web browser and enter our address australiansuper.com.

You can also check with us through mobile chat, social media or by calling 1300 300 273

Visit the below links from Scamwatch to find out more about the latest scams and how to spot a scam.

Scam News & Alerts

Spot the scam signs

The impact of scams

Scams can result in severe financial and mental health impacts. If you provide your personal information, you risk losing your super savings. When the funds are gone, they’re almost impossible to get back. Aside from the immediate financial impact, scams can also:

  • leave you with tax penalties for early withdrawals
  • lead to your identity being stolen
  • result in other financial losses.


Reporting scams

Let us know as soon as possible if you:

  • have provided personal information or your super account details to another person, or
  • notice any unusual activity on your super account.

You can keep track of transactions through your online account and the mobile app.

 

If someone attempts to scam you

step 1

Report it to us

Through the mobile app (the fastest option), email or by calling us on 1300 300 273.

step 2

Tell Scamwatch

You can report scam attempts to ASIC’s Scamwatch.

Tell ReportCyber

ReportCyber look into and advise specifically on cybercrime.

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