Forgotten Super balances possibly arose from the days that Super was a complementary item provided to higher level employees as a contract sign up inducement. It remained whilst the employee was employed with the specific employer. Employers had their own nominated Super schemes which now in more enlightened times, is considered an unnecessary impediment to job mobility. Thus it is not solely the omission of the employees as suggested but possibly the residual of the initial system. Most possibly thought it was a reason why they were retrenched and were lost in the process. The loss of balances due to excessive fees to switch these balances, was another deterrent to doing the obvious amalgamation. In most cases balances were cashed in with significant losses after just a small time and in some cases reached 20% of the balance. It became another reason to seek less exposure to Super balance deterioration risk. With balances per capita in Australia higher than most OECD countries there is a case to exercise caution in the current growth of investment entrusted to the sector. Returns in good years seem mostly offset by the regularity and magnitude of the now more frequent global economic financial crises. The type of asset and the exposure must be carefully assessed against the gains to government in stepping away from obligations to its citizens by insisting upon increasing Super.

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