Government pension funds ponder more change to keep costs down
Boards of both funds have ‘a strong appetite for exploring structural change’.
Finance Minister Nicola Willis.
Legislative changes are needed to help minimise the costs of the Government Superannuation Fund and the National Provident Fund as their membership declines and their asset bases shrink.
Both closed off membership to new members more than 30 years ago and now face the problem of high costs relative
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