Super Members Council

A “free super review” isn’t a favour — it’s often the bait. Genuine super funds don’t offer a “free super review” to get you to switch your super. These are ads designed to pull you into a funnel: you click, you leave your details, and then the pressure starts — often with a cold call pushing you to switch. These calls are a big red flag. 🚩

When share markets and your super balance dips, you might want to do something to mitigate that. But think before you act, because you might just be locking in your losses. 🔒

Read more:

$50,000 superannuation warning as Aussies urged 'to stick to the main road' Aussies are being warned this superannuation move could leave them worse off.

If you see an ad offering a “free super review”, it’s not a favour - it’s a funnel.

These scammers might:
• Claim your fund is “underperforming”
• Suggest “new rules” require you to switch
• Push you toward high‑fee SMSFs
• Profit when you move your money

Unless the offer comes directly from your own fund, treat it with extreme caution. Your super is too important to hand over to unlicensed operators chasing commissions.

Keep your super safe - don’t click away your super 🖱️

From July 1 this year, the new payday super laws will come into effect, requiring employers to pay super more frequently than ever before - at the same time as wages.

Data from Employment Hero shows that 80 per cent of employees have never heard of Payday Super, and six in 10 employers are similarly unaware of the incoming changes on July 1.

In an article for The Age, Employment Hero’s general manager of super Rob Dunn said "Payday Super is one of the most positive reforms for working Australians in decades. More frequent contributions mean better visibility, fewer lost accounts and ultimately, healthier retirement savings for millions of people.”

https://www.theage.com.au/money/super-and-retirement/your-super-is-about-to-grow-even-faster-and-you-don-t-have-to-do-a-thing-20260324-p5u08n.html

Your super is about to grow even faster – and you don’t have to do a thing It’s been dubbed one of the most positive reforms for working Australians in decades, but 80 per cent of workers have no idea it’s happening.

In 2025, almost 12,000 Australians lost access to their $1.2 billion in retirement savings after they were duped into joining high‑risk schemes. 🚩

Here’s what you need to know:

Super Scams: click bait and cold calling | SMC Australia Avoid offers of free super reviews. Learn how to spot SMSF scams and illegal early access schemes. Keep your super safe from super scams.

The real secret to strong super?

Time in the market, not timing the market.

Profit‑to‑member funds have delivered over 7% on average over 20 years, by staying invested through volatility, not by avoiding it.

Our new report, released today has found that wealth levels for middle Australia have tripled in 20 years for recent retirees.

Superannuation is the key driver of that strong growth in prosperity. 🌷

The report is available on our website now: https://smcaustralia.com/reports/the-power-of-super-building-wealth-for-everyday-australians/

Recently, a man named Lincoln wrote to the Barefoot Investor, Scott Pape, after he transferred $173,000 from his AustralianSuper fund into a self-managed super fund (SMSF) run by a friend he trusted.

But this friend lost it all. He traded with an unregulated company overseas.

Lincoln was also persuaded to invest an additional $50,000 of his savings... which took his total loss to $223,000.

While in this case it was Lincoln's friend urging him to move his super, typically, it’s scammers using the promise of 'free super reviews' urging you to move your super out of very safe high-performing profit-to-member super funds, into less-regulated, higher-risk areas, like SMSFs.

Your super is one of your biggest financial assets and should be treated with great care.

Keep your super safe. Think before you switch.

Aussie devastated after losing $220,000 retirement savings An Aussie man has revealed how he was left financially ruined.

Australia’s super system was designed to be universal. Yet for many First Nations people, it has not delivered on its full promise.

While this diagnosis has been accepted for some time, the remedy hasn’t always been clear.

Our new report (produced in collaboration with First Nations Foundation) A fair retirement: Removing barriers in super for First Nations peoples, launched this week provides a roadmap for industry, regulators and government to help uplift service standards and experiences for First Nations people.

Read more:

Make super work better for First Nations people | SMC Australia Our new report, A fair retirement: Removing barriers in super for First Nations peoples, launched this week provides a roadmap for industry, regulators and government to help uplift service standards and experiences for First Nations people.It makes clear that while progress has been made, structura...

When investment markets fall and your super balance drops, the impulse can be to do something.

But falls to your super balance are only on paper and only become real if you switch.

Switching to a more conservative investment like cash also means you can miss the market rebound, making you worse off long term.

Super is designed to cushion members from market falls through diversification: spreading your investments across stocks, industries, countries and asset types.

For example, listed share markets declined two to three times more than large profit-to-member super fund balanced options during the GFC and COVID-19.

For most people, super has plenty of time to recover and typically recovers faster than sharemarkets. 📈

Profit-to-member funds have returned strong long-term returns - well over 7% pa on average over 20 years plus – despite the downturns, by staying invested through volatility, not avoiding it.

With super, what matters most is “time in the market”, not trying to ‘time’ or guess the right moment to switch.

Stay calm, stay invested, trust diversification, and get advice before making changes during a downturn.

Do not lock in losses: a calmer way to ride market ups and downs | SMC Australia When investment markets fall and your super balance drops, the impulse to ‘do something’ can be overwhelming. You might feel...