Governance & Leadership

A Fund Governance Framework for Profit-to-Member Superannuation Funds

Measured as a proportion of GDP, the assets of Australia's superannuation industry are now the largest in the world. Along with almost universal workforce coverage resulting from the Superannuation Guarantee, superannuation plays a crucial part in the economic and social life of the nation. Fund trustees occupy an increasingly important and visible role managing these assets.

AIST and IFF believe representative trustees offer the best governance model for Australian superannuation funds through their independence from profit-making financial institutions, their diversity and investor representation, and a unique culture of commitment and innovation.

2014 Fund Governance Framework for Not-for-Profit Superannuation Funds