Hi Tony, the performance comparisons made by groups like Morningstar, Chant West, Superratings are all meaningless because they accept the asset allocation that's given to them by the super funds as being accurate when they're not e.g. Hostplus Balanced is 93% growth assets but gets compared against a true Balanced option in say Vanguard with 50% growth assets. That's a different argument however. All I was saying was that Industry Fund administration and service levels are the poorest in the financial services industry by a long long way, making it very difficult to deal with them.

RE: TTR - I take it you're not an Adviser? the effectiveness of the TTR strategy is the same as it's always been. The only thing that's changed is the reinstatement of the 15% earnings tax on TTR accounts, but shifting to a zero tax environment was only ever a side effect of the strategy, not the overarching reason to use it.