by Chris Becker
The first rule when scrutinising anything that comes from the unproductive FIRE sector is to of course take any reports, press releases or other with a huge grain of salt. When it comes from the huge $2 trillion superannuation industry, we must be doubly cautious.
Indeed, a new report from the private Association of Superannuation Funds of Australia (ASFA), comes up with the astonishing conclusion that “superannuation is contributing to the economic stability and growth of the country”.