A bunch of number people have launched a series of ideas or changes, you could even call it a campaign, to do something about default funds in KiwiSaver.
This, apparently, came out of what they see as the Government's weak response to the Australian banking situation and Commission of Inquiry.
I assume their thinking is, the banks who have been laid so bare and so embarrassingly so in Australia, in some cases are the owners of the banks here.
And if they're dodgy over there, they must be shonky here.
Adrian Orr, the new Reserve Bank Governor, spoke out early on this and said there was nothing to see, an inquiry was a waste of time. The politicians agreed. The Financial Markets Authority made a few noises about proving it, the banks apparently did and that was that.
And fair enough too, as I said at the time, we run the risk of finding ourselves on a very slippery slope if we are going to reverse basic justice and just go around pointing fingers based on activities in foreign jurisdictions.
Anyway, out of all that came this theory that the default funds of KiwiSaver, of which 400,000 of us are in, has seen us miss out on about a billion dollars in returns.