The corporate watchdog has accused the $60 billion REST Super of misleading and deceptive conduct, alleging the industry superannuation fund tried to stop members transferring their savings to a better performing fund.

Analysis: ‘Your future, your super’ reforms would require all decisions to come with documentary evidence of how they benefit members financially.

When the government’s retirement income review of which I was a part examined superannuation, the age pension and voluntary savings, home ownership had a surprisingly important role.