Australia proposes reforms to superannuation management after $1.2 billion loss

On April 11, 2026, Australia’s federal Treasury proposed reforms to improve superannuation management following the collapse of two funds that cost over 12,000 Australians $1.2 billion. New measures aim to ban cold calls for super sales and mandate waiting periods for fund switches. The changes address loopholes that have allowed exploitation of retirees while promoting better accountability in investment platforms.

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Summary by Glance · Original reporting by The Age