With deadly timing, the latest superannuation industry data from Treasurer Scott Morrison's own regulator has directly contradicted his recent attack on industry superannuation funds, and again underlined how superior that sector is to retail funds run by Australia's big banks and AMP.

Earlier this week, the Treasurer took aim at the industry super sector, lamenting to his friend Ray Hadley that industry funds refused to invest in coal mining for ideological rather than performance reasons. Morrison went on to say: