A report by REST Industry Super has found 35 per cent of baby boomers aren't financially prepared for their retirement.
Many, aren't taking any action, with 70 per cent admitting they haven't sought financial advice.
The global financial crisis along with some bad media surrounding some players like Storm Financial have deterred investors.
But there are new rules from July 1 which aims to restore trust in the sector.
Ricardo Goncalves spoke with Pauline Vamos, the CEO of the Association for Superannuation Funds of Australia to find out what the changes are, and what baby boomers can do to top up their savings now.
