Australia bans unlicensed super hawking after 12,000 lost savings to scams

The Assistant Treasurer is cracking down on lead generators. These middlemen use social media and cold calls. They push people into risky retirement investments.

Why it mattersIf you're saving for retirement, these rules make it harder for high-pressure salespeople to contact you. They can't push you into unsafe investments as easily. These investments could wipe out your life savings.