The Daily News Now!
25 May 2026
Australia’s biggest super funds are sounding the alarm over social media financial ads that promise easy riches and comfy retirements — only to lead to devastating losses. After billions vanished in the Shield Master and First Guardian collapses, CBUS is calling for a ban on these high-pressure, misleading ads, warning they’re the gateway to a chaotic financial advice system. With the federal Treasury now investigating lead-gen tactics and ASIC pursuing legal action, the push is on to protect everyday Australians’ super savings and restore trust in the retirement system. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/201d7a9730d23d9e
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