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Australia faces growing concern over retirees' savings due to aggressive superannuation sales tactics and lack of safeguards.
Australia’s superannuation system is under scrutiny as experts warn that rapid, unguided choices—driven by aggressive sales tactics—may endanger retirees’ savings. While consumer choice is key, critics say it’s not enough without stronger safeguards. Calls are growing for the government to crack down on high-pressure "super spruikers" and implement "speed bumps" to slow down major financial decisions, ensuring they’re made thoughtfully and with proper guidance to protect long-term retirement security.
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