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How to stop facebook from showing you “on this day” memories (temporarily at least)

Rachel is a writer and former game critic from Central Texas. She enjoys gaming, writing mystery stories, streaming on Twitch, and horseback (show all) Rachel is a writer and former game critic from Central Texas. She enjoys gaming, writing mystery stories, streaming on Twitch, and horseback riding. Check her Twitter for curmudgeonly criticisms.

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Facebook Memories for some of you can be a delightful reminder of fun activities, touching moments, or clever witticisms of days gone by. For others, it can be a reminder of lost friends, painful events, or (in my case) the cringe-inducing things you thought were witty when you were young and foolish. This feature, which used to be called “On This Day,” is not for everyone, is what I’m saying.

It’s reasonable to want to turn them off entirely. So how do you do that? Turns out it’s surprisingly complicated.

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Sometimes it seems as though Facebook doesn’t get the hint that users don’t want to see things, despite being explicitly told — and Memories are part of that. For example, I have it set that I don’t get notifications for my Facebook Memories, and yet they still turn up in my newsfeed from time to time.

How to stop facebook from showing you “on this day” memories (temporarily at least)

You can find the Memories page in the sidebar of Facebook on desktop, or in the menu in the app. Once you get to the Memories page, the first thing you’ll see is basically the posts you’ve made “on this day” (Facebook hasn’t completely abandoned its roots). On the sidebar now, you can see the various Memories settings, including notifications, Hide People, and Hide Dates. You can set notifications to not send you notifications of your Memories, which is my default for most things on Facebook anyway. But that won’t necessarily stop Facebook from showing you Memories.

How to stop facebook from showing you “on this day” memories (temporarily at least)

Hide People essentially allows you to block memories in which certain friends appear. It’s useful if you’ve got a particular person in your past who you don’t want to completely purge from your social media, but whom you don’t want to be reminded of — a deceased loved one, for example. But you can also add yourself from that list. In theory, that should prevent you from seeing your own Memories.

With Hide Dates, you can set a range of time you don’t want to be reminded of. From this setting, you can set up a date span, and if you choose you can set the range over the entirety of your time on Facebook. You might have to re-up this in future to prevent you from seeing memories that happen after you set the date range. But it’s at least a solution.

None of these are foolproof, and Facebook doesn’t appear to offer a method to 100% opt out of the Memories feature entirely. But hopefully these options should limit your having to see things you’d rather not. Good luck!

How to stop facebook from showing you “on this day” memories (temporarily at least)

คุณลักษณะ "ในวันนี้" ของ Facebook สามารถอย่างน้อยที่สุดเป็นที่น่ารำคาญและมากที่สุดก็สามารถเรียกความทรงจำที่เจ็บปวดที่คุณอาจไม่จำเป็นต้องต้องการทบทวน นี่เป็นวิธีปิดคุณลักษณะนี้เป็นเวลาอย่างน้อยหนึ่งปี

เราจะไม่โกหกเราไม่ชอบคุณลักษณะ "ในวันนี้" และ Facebook ได้รับเสียงที่น่าทึ่งเกี่ยวกับเรื่องนี้ แม้จะมีคำร้องเรียนจากผู้ใช้ที่ระบุว่าพวกเขาไม่ต้องการหรือต้องการก็ตาม Facebook ก็ดูเหมือนจะปฏิเสธที่จะอนุญาตให้ผู้คนเพียงแค่ปิดการใช้งาน

ดูเหมือนจะไม่มีเหตุผลใดที่ทำให้ Facebook มีส่วนได้เสียดังกล่าวในความคิดถึงของเรา แต่ไม่ว่าทุกๆวันจะมีเราเผชิญหน้ากับสิ่งที่เกิดขึ้นเมื่อใดวันหนึ่งสองหรือสามปีที่ผ่านมาในวันนั้น

ทุกอย่างอยู่ในการกำหนดลักษณะ

Facebook จะแสดงหน่วยความจำทุกวันหากคุณได้โพสต์อะไรบางอย่างในวันดังกล่าวจากหลายปีที่ผ่านมา ในการปิดโพสต์เหล่านี้ได้อย่างมีประสิทธิภาพคุณต้องคลิกลูกศรที่มุมบนขวาและเลือก "ซ่อนโพสต์"

How to stop facebook from showing you “on this day” memories (temporarily at least)

Facebook จะบอกคุณว่าคุณเสียใจแล้วคุณจะเห็นลิงก์คลิก "On This Day Preferences"

ในการกำหนดลักษณะคุณสามารถกรองคนที่คุณไม่ต้องการได้รับการแจ้งเตือนหรือเลือกวันที่หรือช่วงวันที่ได้ ในกรณีนี้เราคลิกลิงก์ "แก้ไข" ถัดจากวันที่

How to stop facebook from showing you “on this day” memories (temporarily at least)

How to stop facebook from showing you “on this day” memories (temporarily at least)

เลือกวันที่เริ่มต้น ในกรณีนี้เราจะดำเนินการต่อและเลือกปีแรก (ปี 2003) จากรายการแบบเลื่อนลง

How to stop facebook from showing you “on this day” memories (temporarily at least)

สำหรับวันที่สิ้นสุดของเราเราจะเลือกวันที่หนึ่งปีนับจากนี้ (2016) ซึ่งหมายความว่าเราจะไม่เห็นความทรงจำใด ๆ ในช่วงเวลาใด ๆ ระหว่างปี 2003 ถึง 2016 และคงเป็นเวลาอย่างน้อยหนึ่งปีกว่าปี 2017 คลิก "เสร็จสิ้น" เพื่อยืนยันวันที่

How to stop facebook from showing you “on this day” memories (temporarily at least)

ตอนนี้คุณเห็นว่าเราจะไม่มีความทรงจำใด ๆ จาก 11/1/2003 ถึง 11/30/2016 หากไม่ถูกต้องให้คลิกลิงก์ "แก้ไข" เพื่อแก้ไข หากคุณต้องการยกเลิกหรือลบช่วงนี้ให้คลิก "X" เล็ก ๆ มิฉะนั้นให้คลิก "บันทึก" เพื่อยืนยันการเปลี่ยนแปลงของคุณ

How to stop facebook from showing you “on this day” memories (temporarily at least)

คุณทำเสร็จแล้วและไม่ควรเห็นความทรงจำอีกสักระยะหนึ่ง คลิก "เสร็จสิ้น" เพื่อออกจากการตั้งค่าในวันนี้และกลับไปที่ newsfeed ของคุณ

How to stop facebook from showing you “on this day” memories (temporarily at least)

นี่ไม่ใช่ครั้งแรกที่เราได้รับมือกับความรำคาญใน Facebook ในอดีตเราได้อธิบายรายละเอียดเกี่ยวกับการหยุดวันเกิดและการแจ้งเตือนอื่น ๆ และวิธีปิดกั้นคำขอเกมและแอปพลิเคชันของ Facebook อย่างไรก็ตามนี่เป็นครั้งแรกที่เราได้รับความรู้สึกลำบากเช่นนี้โดยไม่ต้องมีวิธีง่ายๆในการปิดและกำจัดมัน

How to stop facebook from showing you “on this day” memories (temporarily at least)

This article was published more than 6 years ago. Some information may no longer be current.

A picture illustration shows a Facebook logo reflected in a person's eye, in Zenica, March 13, 2015. © Dado Ruvic / Reuters

The first time I saw a Facebook “On This Day” memory was earlier this year when I got a “1 Year Ago Today” post at the top of my news feed. It literally brought me to tears.

“Shane, here’s a photo that you posted exactly 1 year ago” the caption said, accompanied by a beautiful close-up centred on the eyes of my beagle, Marlie. I had posted that photo to Facebook because that was the day my dog died. One year earlier.

That post, on which I had written “Said goodbye to an old friend today,” had a lot of “engagement” – well-wishers, in my case – which is the Facebook way of measuring whether content is of high value. I was a victim of this company feature because it measures such engagement to identify old posts it thinks you might like to revisit. I can’t overstate how distressing this image was, made worse because I know this automated feature regurgitated it with zero awareness that some humans share experiences on social media that elicit feelings other than joy.

Facebook has always struggled with nuance and complexity; until this year, the only emotion you could express was “like.” Facebook’s replacement for the Like button is a menu of emoticon-based expressions, currently being tested in Spain and Ireland. It will offer four levels of like (Thumbs up, Heart, Big Laugh, Embarrassed/pleased smile) and three less-clear symbols; one looks like Surprise, another is clearly Rage. The last option seems to be some sort of neutral face with flat eyebrows and a flat line for a mouth. Notice, still no sadness.

Earlier this week, Facebook said it had made a mistake with On This Day. In a PR note, the company stated: “On This Day was introduced as a way to make seeing and sharing old memories with your friends on Facebook easier. After it launched, we heard feedback that people wanted more control over the memories they see.” This is a bland way of saying: “A lot of you were surprised that we reposted pictures of traumatic events. Whoooops!” Starting Oct. 13, Facebook introduced a feature to let users filter out On This Day posts by two methods: By name (I call this the breakup filter, since you can delist certain Facebook users from On This Day) and by time (as in, nothing from certain months and days, please).

This is a lot less traumatic than trying to figure out why Facebook was torturing me with images of my dead dog. I clicked on the menu drop-down next to the On This Day photo in hopes of finding a way to stop it. But at the time, all Facebook had was the standard Facebook reporting structure: “Why don’t you want to see this?” with the possible options: “Because it’s annoying or not interesting” or “It’s spam.” There was no option for “Because it makes me sad, you horrible jerks.” The only way to stop On This Day was to find the Notification settings deep in Facebook’s preferences and turn them off for this feature.

The new filter is still a very Facebook way to handle a problem of its own creation: Dear user, you need to tell us about the horrible stuff in your life so we don’t wave it in your face. Terrible breakup? Parent who died? Come to this buried settings menu and tell us about it. It’s truly remarkable that a site with about 1.4 billion users still has trouble accommodating or predicting human feelings. At least they also included the “off” button on the same page, though it’s still under Notifications.

The On This Day page has a single-line pitch for why you should want this so-called service: “Never Miss a Memory.” What Facebook doesn’t understand about its users is that there are a lot of memories we might not wish to revisit, and we may not know exactly which ones we should screen for until they lurch back into the top of our timeline.

Facebook’s solution essentially means users must scour their timelines in a sort of sadness audit, all the while re-experiencing the very stuff you hope Facebook won’t remind you of. The only thing worse would be if they made you pay a small fee to flush an unhappy moment permanently down the memory hole.

How to stop facebook from showing you “on this day” memories (temporarily at least)

Sick of those anxiety-inducing red dots constantly appearing on the Groups, Watch, or other tabs in your Facebook app? Well the social network may be easing up a little in its unending war for your attention. Facebook is now testing a toggle to turn off the red in-app notification dots on its homescreen. Until now you had to manually open each of Facebook’s features to extinguishing the maddening flame of the notification badge. This could make Facebook feel more tranquil, and keep you focused on whatever you actually opened the app to do.

How to stop facebook from showing you “on this day” memories (temporarily at least)

“It’s related to the work we’re doing with the well-being team. We’re thinking about how people spend their time in the app and making sure that it’s time well spent” a Facebook spokesperson tells me. Many people can’t feel settled if there are red dots begging to be tapped — a psychological quirk Facebook takes advantage of. The company seems to be realizing that its growth hacking can backfire if its pleas for engagement actually deter us from opening its app in the first place.

The Facebook Notification Dots setting was first spotted in its prototype form by reverse engineering specialist Jane Manchun Wong, hidden in the Android app’s code earlier this summer. Today, social media consultant Matt Navarra noticed the feature being publicly tested. Facebook now confirms to TechCrunch that this is a new global test that started recently on iOS and Android for a subset of users. “We are testing new ways to give people more control over the notifications they receive in the Facebook app” a spokesperson tells me.

Facebook plans to continue offering additional ways to personalize notifications so you don’t miss what’s important but aren’t drowned in noise. “People don’t necessarily want to see a notification on the badge [the in-app dots on tabs] if they’re already getting notifications in the jewel [the red counter on the Facebook app icon on your phone’s homescreen]” the spokesperson tells me. It considered a snooze option but went with an on/off switch that’s the least confusion. The Notification dots feature is likely to roll out to everyone unless it suddenly proves to decimate Facebook usage.

How To Turn Off Facebook Notification Dots

If you have access to this feature test, you’ll find the option in your Facebook app under the three-lined More/Menu tab -> Settings & Privacy -> Settings -> Notifications -> Notification Dots. There you can “Choose which shortcuts will show you notifications dots” with options for “Videos On Watch”, “Profile”, “Groups”, “Menu”.

One tab/shortcut where you can’t disable the dots is Notifications, which actually makes sense since that’s the main way the app alerts you to activity around your profile and content. But since you already get a heads-up about new Groups posts or when you’re tagged in a photo there, the notification dots on the other tabs are just redundant and distracting.

How to stop facebook from showing you “on this day” memories (temporarily at least)

If you want to control which activities trigger alerts in your Notifications tab, you can go to More/Menu tab -> Settings & Privacy -> Settings -> Notifications -> Notification Settings -> Mobile. There you can see a list of your recent notifications and turn off ones like it in case you’re sick of hearing about friends starting fundraisers, reminders about upcoming events, or comments after yours on a Group post. The Notification Settings page also lets you turn off sound for Facebook notifications, axe them from specific groups or other apps, turn down the frequency of On This Day alerts, and choose what notifications get bumped up to email or text message.

Confusingly, there’s also a totally separate menu that’s accessible from the Notifications tab’s settings gear icon. There you can temporarily or permanently mute push notifications and choose where you receive each type. Obviously there should be a link between these two different spaces. A great next step for Facebook would be allowing user to batch notifications, Instead of either being constantly pestered or totally in the dark, it could let users opt for an occasional digest of notifications, like once per day or when they get to 10 alerts.

How to stop facebook from showing you “on this day” memories (temporarily at least)

A year ago Facebook trumpeted how it launched a Time Well Spent dashboard in its app and Instagram for showing how long per day you use the apps with an option to set a reminder to stop after enough minutes. But buried inside Menu -> Settings & Privacy -> Your Time on Facebook, the toothless feature we’d previously scooped isn’t doing much good. If Facebook wants to be a principled citizen of our devices, it shouldn’t be so hard to say when we do or don’t want to be nagged for attention.

Memories are collections of some of your best photos and videos whether from previous years or recent weeks.

View your Memories

  1. On your Android phone or tablet, open the Photos app .
  2. At the bottom, tap Photos.
  3. At the top, tap a memory.

To move to the next or previous photo, tap on the right or left of the screen.

To skip to the next or previous memory, swipe right or left on the screen

To pause on a photo, touch and hold it.

Change your settings

Control which Memories you receive

  1. On your Android phone or tablet, open the Photos app .
  2. At the top right, tap your account profile photo or initial Photos settings Memories.
  3. Tap Featured memories.
  4. Select the types of memories you want to find.

Hide someone

Important: When you hide someone, you won’t get their face in memories, creations, or on your search page.

  1. On your Android phone or tablet, open the Photos app .
  2. At the top right, tap your account profile photo or initial Photos settings Memories.
  3. Tap Hide people & pets.
  4. Choose who you want to hide.
    • To show someone, tap their face again.

Hide a date

Important: When you hide a date, you won’t get photos taken on that date in your new memories.

  1. On your Android phone or tablet, open the Photos app .
  2. At the top right, tap your account profile photo or initial Photos settings Memories.
  3. Tap Hide dates.
  4. Add dates you want to hide.
    • To remove a hidden date, tap Remove .

Control whether your Memories contain creations

You can select which types of creations you can find in your memories.

  1. On your Android phone or tablet, open the Photos app .
  2. At the top right, tap your account profile photo or initial Photos settingsMemories.
  3. Tap Advanced.
  4. Select which types of creations you want to find in your memories.

Manage your Memories notifications

  1. On your Android phone or tablet, open the Photos app .
  2. At the top right, tap your account profile photo or initial Photos settingsMemories.
  3. Tap Manage memories notifications.
  4. Under Memories, turn on/off the toggle to receive Memories from previous years, themed memories or creations.

Creations

Check if something was created for you

  1. On your Android phone or tablet, open the Photos app .
  2. At the bottom, tap Photos.
  3. Creations will arrive in your Memories carousel at the top.

Save Creations

You can save creations that are made for you like movies or animations.

To save creations from your Memories carousel, at the bottom of the creation, select Save. Saved creations appear in your photos view.

Are memories temporarily sustained after death? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.

Answer by Natalie Engelbrecht, Registered Psychotherapist, Naturopathic Doctor, and Researcher, on Quora:

Are memories temporarily sustained after death?

In the past it was assumed that brain activity ceases when the heart stops. However, researchers have found that within thirty seconds after death, the brain releases protective chemicals that trigger a short-lived surge of widespread, highly synchronized brain activity that results in intense hallucinations at death. This lasts for at least four to five minutes. A recent study (using mice) demonstrated that brain activity after complete cardiac arrest does not gradually decrease to zero, but is distinguished by bursts of activity in separate phases. This results in hallucinations that are theorized to be the cause of Near Death Experiences (NDEs). When Ketamine (categorized as a “dissociative anesthetic” and horse tranquilizer) is given to people in research studies, a sense of moving through a tunnel, an out-of-body feeling, spiritual awe, visual hallucinations, and intense memories are reproduced [2].

In fact, at near-death, many known electrical signatures of consciousness exceeded levels found in the waking state, suggesting that the brain is capable of well organized electrical activity during the early stage of clinical death [3].

But death is a process. It’s not a black-or-white line [4].

A more recent study found that rats show an unexpected pattern of brain activity immediately after cardiac arrest. Although clinically dead (no breath nor heartbeat), for at least thirty seconds their brains showed several signals of conscious thought (the low-gamma waves produced when neurons fire twenty-five to fifty-five times per second) became stronger for a brief period. This suggests that our final journey into permanent unconsciousness may actually involve a brief state of heightened consciousness and memory.

Footnotes:

This question originally appeared on Quora – the place to gain and share knowledge, empowering people to learn from others and better understand the world. You can follow Quora on Twitter, Facebook, and Google+. More questions:

Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.

Over the weekend, my colleague Christina Farr published a story about her experience taking a break from Instagram and Facebook. Christina said she felt "lighter and happier" after she quit Instagram and Facebook for four weeks.

If you think you need to take a similar break from social networking, then I have a guide for you.

I've already talked about how to delete your Facebook account. Today, I'll walk you through how to get rid of Instagram, too. This isn't the same as simply uninstalling it from your phone, which is what Christina did. I'm talking about getting rid of Instagram altogether — without losing all your photos in the process.

How to download your Instagram photos

You might want a copy of everything you've ever uploaded to Instagram before you decide to ditch the service for good.

There's an easy way to download a complete copy of your photos, and even a copy of all of the comments you've posted. It takes up to 48 hours to get the file from Instagram, so be sure you have everything before you proceed to deleting. To download your Instagram photos:

  • Open Instagram on your phone.
  • Select the profile icon on the bottom-right of the app.
  • Tap the menu button on the top-right of the app.
  • Choose "Settings" on the top of the list.
  • Select "Security."
  • Tap "Download Data."
  • Enter in your email address.

You'll get an email from Instagram when the download is done, with a link to a file containing all your data. Again, it can take up to 48 hours, so you'll need to be patient.

How to deactivate and hide your Instagram account

Instagram gives you two options if you want to take a break from the service: you can temporarily disable your account or completely delete it.

Temporarily disabling your account hides your profile, photos and comments but does not delete them. Follow these steps:

  • Visit Instagram.com from a computer web browser (not the app.)
  • Tap the profile icon on the top-right of the page.
  • Choose "Edit Profile."
  • Select the link that says "Temporarily disable my account."
  • Choose why you're deciding to deactivate Instagram.
  • Enter your password.
  • Select the option to temporarily deactivate Instagram.

That simply deactivates your account. If you want to remove everything permanently from Instagram, move on to the next step.

How to delete your Instagram account

If you want to go hardcore and completely wipe out your Instagram account, you can do that too.

Follow these steps:

  • Visit Instagram's Account Deletion page.
  • Log-in to the site.
  • Choose why you're deleting your Instagram account.
  • Enter in your password to confirm your intentions.
  • Select the option to "Permanently delete" your account at the bottom of the page.

By the way, you don't need to delete your entire Facebook account, even if it's the login that you use to access Instagram.

That's it. Now you've completely removed your Instagram account and all of your comments and photos are deleted. Just keep in mind that, should you wish to return, you won't be able to pick the same username. So if you're still on the fence about quitting, consider following the option to temporarily suspend your Instagram account above.

Tim Robards and fiance' Anna Heinirch has spend the last couple of weeks overseas on a holiday getaway to Europe.

And although most people seemed to be distracted with their beautiful loved-up European snaps it was Tim's Insta story on the plane home, which had people talking.

The 34-year-old posted a video on Sunday of himself watching he 1999 classic The Matrix and wrote over the clip, "This brought back memories, I was actually Keanu's stand in and double on some scenes in 2 and 3."

It comes after the fitness fanatic gears up for his debut on next episode of Australians Ninja Warrior.

He will obviously be show casing his ninja-like skillset and maybe a glimpse of assassin-like skills from the film!

A month after announcing their engagement, Anna and Tim were seen enjoying some quality time together in Thailand before hitting their next destination, Europe.

Taking to Instagram last month, Anna shared a stunning snap of herself soaking up the sun in Thailand, and of course she made the most of the warmer weather by baring all in a bikini.

"Workin' it," read the caption next to the full-length shot, showing the blonde beauty clad in a crochet bikini.

The lawyer also shared a sweet selfie of her and chiropractor fiance Tim.

"At least one of us is keeping our cleavage hidden," she captioned this particular photo, which revealed Tim's defined pecs underneath his shirt.

Wantmore celebrity, entertainment and lifestyle news? Follow Be on Facebook, Twitter, Pinterest, Tumblr and Instagram

Australia’s superannuation industry is massive. Valued at around $3.1 trillion it is worth more than the entire ASX ($1.6 trillion in 2020). Meaning Australians’ retirement pool is ranked the 5th largest in the world.

And it’s your money, it is the retirement savings for every working Australian adult, yet there are very few who take an active interest in how it is being spent and invested.

A few massive funds have a huge amount of sway on ASX listed companies but the catch is, they don't have to tell you where your superannuation is invested or how they vote in shareholder decisions.

Some funds will choose to disclose these things, but others won't, and even if you called to ask how they invest your money they can refuse to tell you.

Government inquiry into super

Now, the House of Representatives Standing Committee on Economics is commencing a new inquiry into the implications of capital concentration and common ownership in Australia.

This means they are looking into how we can ensure there is more transparency with Australia’s super funds so individual investors don't get the short end of the stick.

Committee chair Tim Wilson MP said the inquiry is urgent as he has concerns over an increasingly small number of mega funds owning large portions of Australian companies.

“We want to know the impact of capital concentration and what it means for consumers, what it means for competition and what it means for the democratic ownership of the nation ,” Wilson told Yahoo Finance.

“We also want to know if we need to adjust laws to recognise that capital concentration will give some people a lot of power to make decisions on behalf of the country, which will diminish the power of ordinary investors, particularly mum and dad investors.”

Wilson said the House of Economics Committee has been asking regulators about these risks for nearly a year.

“Recently the Chair of the ACCC informed the Committee common ownership posed threats to competition when it hits 10 per cent, yet some have already hit 30 per cent,” Wilson said.

“We don’t want a stock exchange where a handful of ‘mega funds’ make all the decisions, and ordinary investors are locked out and higher costs are paid by Australians. Some ‘mega funds’ have already said that as their ownership increases they’d de-list public companies.”

Also watch: My superannuation has taken a big hit. What do I do?

Why do we need an inquiry into mega super funds?

Wilson said super funds have been less than enthused about the inquiry, but the purpose is to ensure there is more transparency in the way our retirement money is being used.

“This is about empowering the ordinary Australian and making sure they are not being dominated by mega funds who basically tell them ‘you can chip in money but you can’t have any say’,” Wilson said.

Wilson said the super system relies on Australians not taking an active interest in their superannuation.

“Superannuation runs on a model of deferred disengagement and that is how some parts of the sector like it to be,” Wilson said.

“What we can’t have is unelected directors imposing standards on the market that have never sought sanction from their members. Super funds need to show more respect to their members.”

While Wilson has concerns particularly around the super sector, the Committee will investigate the common ownership by all institutional investors including banks, investment funds and hedge funds.

“This inquiry will shine a bright light ‘under the hood’ of the ownership of the ASX today, and ensure that we update the law, regulations and regulators to address the challenges of the future so we empower citizens, not organised capital,” Wilson said.

What do the funds have to say?

Wilson told Yahoo Finance that some of the funds have been less than pleased about the parliament's interest in their investment strategies.

“Some of them have had a tantrum because they think that they have been pushed in the direction towards consolidation, and they have been,” Wilson said.

“But that doesn't mean there are negative consequences towards consolidation and those issues need to be looked at and addressed as well.”

Industry Super Australia CEO Matt Linden told Yahoo Finance super funds investing in Australian companies helps power the Australian economy.

“The retirement savings of millions of Australian workers are being invested in Australian businesses helping them to grow – which in turns powers Australia’s economy and delivers strong returns to workers,” Linden said.

“The Treasurer Josh Frydenberg once saw it as critical that super’s ‘massive pool of savings’ be ‘harnessed’ towards domestic investment, but then he bizarrely signs off on a political inquiry on institutional investment when funds answer his call to invest in Australia’s economy.”

Linden said there could be dire consequences to Australia’s economy if the Government pressures funds to stop investing locally.

“A logical and perverse consequence of this inquiry could be that super funds and other institutional investors are required to invest more capital offshore, which could be to the detriment of Australian business, the national economy and ultimately millions of workers.”