{"id":34782,"date":"2025-08-31T14:41:15","date_gmt":"2025-08-31T14:41:15","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/34782\/"},"modified":"2025-08-31T14:41:15","modified_gmt":"2025-08-31T14:41:15","slug":"60-minutes-exposes-billion-dollar-threat-to-superannuation","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/34782\/","title":{"rendered":"60 MINUTES exposes billion-dollar threat to superannuation"},"content":{"rendered":"<p>The growing threat of superannuation fraud and the debate over artificial intelligence will be the focus of <strong>60 Minutes<\/strong> this Sunday.<\/p>\n<p>In the lead story, reporter <strong>Adam Hegarty<\/strong> investigates what the program describes as a rogue scheme that has ensnared about 12,000 Australians. With national retirement savings now exceeding $4 trillion, the report says fraudsters are increasingly drawn to the sector, putting more than $1 billion at risk.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe super savings pot was overflowing with more than four trillion dollars. That\u2019s a lot of zeroes, and guarantees prosperous retirements for millions of hard-working people. But superannuation here has also become a victim of its success,\u201d the program notes.<\/p>\n<\/blockquote>\n<p>&#8211; Advertisement &#8211;<\/p>\n<p><\/p>\n<p>Hegarty\u2019s report considers the impact on individuals facing the possible loss of both their savings and their long-term financial security. <\/p>\n<p>This weekend\u2019s episode also turns to the global conversation on artificial intelligence. Reporter <strong>Amelia Adams<\/strong> explores sharply divided opinions, with advocates calling it one of humanity\u2019s greatest advances and critics warning of widespread disruption to jobs and ownership rights.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cA.I. is either the greatest advance mankind has made since the industrial revolution, or a dangerous evil that\u2019s stealing intellectual property while assigning millions of workers to unemployment queues,\u201d <\/p>\n<\/blockquote>\n<p>The story points to increasing calls for regulation, with governments urged to act before the technology develops further. <\/p>\n<p>60 Minutes airs Sunday, August 31, at 8.35pm on Channel 9 and 9Now.<\/p>\n<p>&#8211; Advertisement &#8211;<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"The growing threat of superannuation fraud and the debate over artificial intelligence will be the focus of 60&hellip;\n","protected":false},"author":2,"featured_media":34783,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[27052,27053,27054,79,21234,18,19,17,234,235],"class_list":{"0":"post-34782","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-60-minutes","9":"tag-adam-hegarty","10":"tag-amelia-adams","11":"tag-business","12":"tag-channel-9","13":"tag-eire","14":"tag-ie","15":"tag-ireland","16":"tag-personal-finance","17":"tag-personalfinance"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/34782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=34782"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/34782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/34783"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=34782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=34782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=34782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}