Counting the cost

Abstract

Superannuation fund trustees, staff and administrators have for a long time carefully counted the various costs of the operation of the superannuation fund or funds they are associated with. A very clear understanding of the amount and nature of every kind of cost faced by a fund is necessary in order to deliver the best possible outcomes for fund members in terms of value for money for the administration fees that are charged. Making it as simple as possible for employers to contribute and to provide accurate and timely details of the individuals for which the contributions are made has also been an important goal.