You make a good point farmboy, the fund managers have a lot to answer for. A specific case I know about has a $300k fund going backwards over the last 6 months of 2011 yet the fund manager still ripped out his 1.7% p.a. and he and his like will never miss out. I have an ominous feeling we punters will be putting in increasing numbers of hard earned or hard traded dollars at todays value and receive an amount at the end which will be no closer to supporting retirees than todays average payout. My advice to all and sundry is to manage your own Super but be prepared for the costs and snares the Govt. regulations put in your way, although perseverance always wins.
