Hey slow learner. There's nothing stopping you from marshalling the evidence of your allegations and formally putting a cause for action to ASIC and going to the media and your buddies in the IPA and getting funding from your Heritage Foundation. Time for you to stop moaning and groaning and put some effort into proving your allegations. You never know you may be correct.
Ever wondered why employer bodies aren't doing any of the spade work for you. Oh I forgot. Employers are directors and trustees of these industry funds and they are probably more interested in getting patient capital from these industry funds.