The stories are as heartbreaking as the scale is breathtaking.
Thousands of hardworking Australians did everything right preparing for their retirements, only to be left feeling scammed out of their superannuation savings.
With losses that could total $1 billion, it comes as a stark warning to everyday Australians – the pool of super money across Australia is enormous and the sharks are circling.
They can’t wait to exploit the fact that many of us need as much help as we can get when it comes to managing our retirement funds.
While ASIC is probing rogue super schemes, the corporate watchdog has the difficult task of reassuring Australians that their super is in fact safe.
Watch the full episode of 60 Minutes on 9Now.