Like Tania I find the choice of superannuation fund an absolute hazard, and I have worked in the industry. I would welcome the opportunity to join something like a public service super fund because I have seen employers like Coles Myer fire 1000 employees with 40 years of contributions in the employer based super fund. The fund managers of these private funds live in harbourside mansions while the contributors are lucky if their fund keeps pace with inflation.

Until the ATO take control of collecting super contributions more companies will be put in the hands of receivers when they fail to put their employer contributions into the super fund. We will see more National Mills and Johns Valves.