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Yes.. it is a problem.
However, we also have to be realistic here and look at the super from another angle.
For example, 10 years ago, super that was imposed on us from our employer had 3 options: conservative, moderate and aggressive - and this was pretty much all in our control.
I opted for moderate strategy, while some other chose aggressive.
After some time (a year), the result was that I was loosing 2% per year, but others were loosing 7% or even 10% per year (despite regular contributions).
In hindsight, I should have been even less greedy and opted for conservative option - and my super would have grown by 1.5% instead.
In 2008, my super (again the same one) lost quite a bit but it could have been much much worse if I had aggressive strategy in place.
I am not saying that we are to blame for our losses (because the system wasn't and still isn't good - as someone mentioned earlier, super managers should loose or get their commission in parallel with us customers) but I am just trying to point out that those ads are actually playing the notes that resonate with greed in their customers, and unfortunately they are getting away with it.
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