It's your super. You have a choice.
What some superannuation firms are doing with our super is far worse than this.
Choice of which fund.
Choice of where it's invested.
If you want no risk, you can choose to put it into a cash management type account within your existing fund.
If you don't like the fees charged by your existing fund, there are plenty of cheaper options.
And, if you want total control you can always set up a DIY, or 'self managed' fund and roll your super, your Mrs, and even kids super into it. (Max 4 members for DIY super) Pool the money and use it as a deposit for a commercial property. Let the rent and your ongoing employer SGC pay off the loan, then live off the income stream in retirement.
Plenty of options.
Apathy and complaining are not options, IMHO.
Edit- The DIY super could also invest in other investments like cash (term deposit) or shares (equities). The property strategy is just one option.
Note: please seek professional advice and don't rely on the dribble from some golf hacker on an internet forum.
Edited by hack2489, 01 April 2018 - 08:36 AM.