ASIC warns again on super scammers ASIC warns again on super scammers 17 May 2021 4:18AM Vulnerable Australians are being warned yet again by the corporate cop to avoid getting sucked in by scammers selling self-managed superannuation fund solutions on the phone. The Australian Securities and Investments Commission has detailed its concerns about new scams being promoted by email and phone calls. These scams involve fake financial advisers telling people to transfer superannuation balances into a self-managed superannuation fund that the promoters claim will give them 8 to 20 per cent growth. This is typical of scams of this kind: promises of greater returns during a period while banks are only providing threadbare interest for those that have short term deposits.