
COFI will test whether retirement funds are truly member-first
Old Mutual Corporate says the real COFI test is cultural: funds must start with the member outcome and build governance around it.

Old Mutual Corporate says the real COFI test is cultural: funds must start with the member outcome and build governance around it.

King V may be voluntary, but for retirement fund boards it has emerged as a critical standard for credible governance, fiduciary oversight and long-term value creation.

Old Mutual’s Michelle Acton tells IRFA delegates that Australia’s superannuation system provides a roadmap for boosting coverage and retirement outcomes.

The OPFA on how retirement funds should address non-compliant employers, death benefit allocations, and requests to withhold benefits.