In the context of the recent Royal Commission hearings, the financial services sector has become a pretty soft target for criticism. However, commentators consistently neglect to mention the many valuable services being delivered by superannuation funds. On the other hand, there have been criticisms of various aspects of superannuation, not always supported by the available evidence. There are a number of reasons for this. Australians are notorious for wanting to cut the tallest poppies down to size. Superannuation funds are certainly tall in terms of assets under management and how they measure up internationally. The sheer enormity of numbers that...