In every industry, cost benchmarking lies at the heart of good governance.
Cost benchmarking plays a pivotal role at the heart of good governance, providing pension funds with a mechanism to assess the efficiency and value for money in their operations. It goes beyond mere cost analysis; it serves as a critical oversight tool, verifying the work of service providers hired by pension funds.
By scrutinizing costs and comparing them against industry benchmarks, pension funds can ensure transparency, optimize performance, and uphold fiduciary responsibilities, ultimately delivering sustainable outcomes and instilling trust among stakeholders.
By implementing robust cost benchmarking practices, pension funds gain transparency into their cost structures, enabling informed decision-making, optimizing performance, and ensuring accountability to members and stakeholders.
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