Scammers are looking to take advantage of new lockdown rules and restrictions.
'We shouldn't see people living under financial stress when they should be enjoying their retirement years.'
Super fund targets only appropriate to top 20 per cent of income earners, says Super Consumers Australia.
Retirees forced into riskier investments including a volatile share market to earn returns that exceed the deeming rate, says AIR.
Self-funded retirees have suffered a significant income hit from the adverse economic impact of COVID-19.
National Seniors Australia says more self-funded retirees could qualify for Commonwealth Seniors Health Card.