The head Westpac-BT "trustee" has resigned abruptly following revelations super members are being gouged $1.65 billion a year.

Super lobby group ASFA says “record returns” this year - but refuses to say how things went for Westpac-BT’s 900,000-plus members, who lost over $1.5 billion to systemic gouging.

The corporate regulator has taken zero action to stop Westpac’s wholesale gouging of superannuation accounts since it was formally alerted to the scandal over six months ago.

A massive $5 billion has been gouged from the life savings of almost 1 million Australian’s since editor of The Australian newspaper, John Lehmann, inexplicably spiked a major story detailing the devastating scandal.

Westpac has gouged more than $8 billion from the life savings of its almost one million superannuation fund members over the past decade.