An early Christmas present from the Grattan Institute was their latest report on superannuation and retirement incomes. However, for the superannuation sector, it was as welcome and as useful as someone with a beard receiving aftershave from an uncle or aunt on Christmas Day. Even worse, it is not something that can be regifted. The report makes use of what they call the Grattan Retirement Income Projector (GRIP) model. However, it perhaps could be better called the Grattan Retirement Income Poor Expectations (GRIPE) model. ASFA issued a strong response to the Grattan report when it was released. Paul Keating also...