I read the article (in SMH as well), but did not pick it up as being as one-sided as you suggest. I saw it more as him saying that a SMSF is not for everyone and that you really need to know what you are doing when you invest. I am sure a few people have just put SMSF money in a few shares and blown the lot.
Mind you, he is stupid to suggest 2% is reasonable. I have my super in an Australian equities managed fund and pay only 0.3% and there is no way that I could do it cheaper by setting up a SMSF. I also get to save a lot of time otherwise spent on a SMSF by outsourcing it. It also gives me diversification of risk - I invest heavily in Energy shares using my non-super money as I have a strong belief there are good growth prospects. What if this turns out to be the wrong call? The diversified super provides a safety net.
Just my views.
PS Remember, those who can do, teach, those who can't don't. LOL
