ASIC warns self-funded super scheme "inappropriate" for unsophisticated investors. I speak with ASIC commissioner Danielle Press

Inexperienced investors considering a self-managed superannuation fund could be risk losing all or some of their retirement nest egg in the event of a global economic shock, the corporate regulator has warned. 

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The Australian Securities and Investments Commission says the potential toxic mix of near zero interest rates and low inflation means even professional advisers are struggling to make a return and that future and current retirees need to be "particularly aware of potential downsides" that might make self-managed funds inappropriate. 

ASIC commissioner Danielle Press speaks with ABC's Peter Ryan.