There is now more than $1 trillion in self-managed superannuation funds, which means a big chunk of money isn't regulated by APRA, and it's the rate of the shift into SMSFs and less-regulated managed investment schemes that has regulators worried.

The corporate watchdog is concerned that super trustees that manage Australians' retirement savings have a lack of safeguards in place.

There is now more than $1 trillion in self-managed superannuation funds, which means a big chunk of money isn't regulated by APRA, and it's the rate of the shift into SMSFs and…

A historic stress test has revealed that the $4.5 trillion superannuation sector could accidentally amplify Australia’s next major financial shock.