ASIC boss Alan Kirkland warns about about investment hothouses using cold-calls to round up super savings

The Federal watchdog has raised the alarm about a new generation of cold-calling investment hothouse’s trying to snare the superannuation savings of working Australians.

The Australian Securities and Investments Commission said the cold-calling had caused a “significant movement” of super savings into high-risk property managed investment schemes and greedy financial advisers.

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