AustralianSuper’s second dud deal in only six months is a wake-up call for every Australian with a superannuation account and every ASX-listed company.

Having the country’s biggest and most powerful asset manager look after your retirement savings or put its ample funds behind your business does not guarantee success. There are bigger and more powerful forces globally and timeframes much longer than even AustralianSuper’s. Things can – and will – still go wrong.