ASIC urges consumers to guard superannuation from promoters flogging quick switches to precarious funds

The Australian Securities and Investments Commission (ASIC) is warning consumers about high-pressure sales tactics that aim to lure them into risky investments, especially as the financial year ends. ASIC emphasizes recognizing red flags, such as quick decision demands and unrealistic return promises, and advises consumers to hang up if they feel pressured or uncertain.

Explain It To Me Like I’m 5:

The Australian government is warning people to be careful of tricky salespeople who want them to move their money into risky investments that may not be safe.

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