
The quiet revolution in retirement fund costs
Despite two decades of growing regulation, administration costs have fallen sharply, leaving more retirement contributions invested for members.

Despite two decades of growing regulation, administration costs have fallen sharply, leaving more retirement contributions invested for members.

COFI’s outcomes-based framework may push governance responsibility beyond trustees and require umbrella funds to prove that members are better off.

The changes include the increase in the annual tax-deduction cap, and new annuitisation and living annuity commutation thresholds.

The latest Mercer Global Pension Index says governments worldwide are attempting to steer private retirement fund assets into development goals.

IRFA president Geraldine Fowler calls on retirement funds to invest for impact, strengthen operations, and shape reforms, stressing their power to drive both financial security and societal change.