Rask - Is your super fund a dud?
The discussion emphasizes the importance of choosing the right superannuation fund, especially as one approaches retirement. The hosts highlight that many people are defaulted into a super fund at a young age and often don't reconsider their choice until later in life. They outline four types of super funds: industry funds, self-managed super funds, corporate/retail funds, and advisor-initiated funds. The podcast stresses the need to evaluate super funds based on investment options, fees, insurance, and accessibility. They suggest that individuals should consider their risk profile and investment preferences when choosing a fund. The hosts also discuss the importance of understanding the fees associated with super funds, noting that while lower fees are often desirable, they should not be the sole factor in decision-making. Insurance within super funds is highlighted as crucial, especially for those who rely on it as their primary coverage. The podcast encourages listeners to engage with their super funds and seek advice if needed, emphasizing that the right fund can significantly impact retirement outcomes.
Key Points:
- Evaluate super funds based on investment options, fees, insurance, and accessibility.
- Consider your risk profile and investment preferences when choosing a fund.
- Understand the fees associated with super funds; lower fees are desirable but not the only factor.
- Insurance within super funds is crucial, especially if it's your primary coverage.
- Engage with your super fund and seek advice to ensure it aligns with your retirement goals.
Details:
1. 📜 Welcome and Disclaimer: Financial Advice Warning
- The information provided is limited to general financial insights.
- Users are advised to consult with their financial planner for personalized advice.
- A financial services guide is available for further reference.
2. 🎙️ Introduction: Hosts and Podcast Background
- The podcast introduction includes an overview of the hosts, highlighting their backgrounds and expertise in the subject matter to establish credibility.
- The importance of verifying information before acting on it is emphasized, promoting responsible engagement with the content.
- Listeners are encouraged to participate actively and critically with the podcast material.
- The podcast aims to deliver insightful and well-researched content to its audience.
3. ☀️ Summer Break Recap and Podcast Continuation
3.1. Summer Break Recap
3.2. Podcast Continuation and Future Focus
4. 🔍 Topic Overview: Choosing the Right Super Fund
- Financial advisors frequently encounter clients unsure about their super fund choice, with at least three inquiries daily.
- Many individuals are unaware of the available super fund types, reflecting a need for better industry awareness.
- There are four types of super funds, not just the commonly known three, indicating potential complexity in choice.
- Default super fund assignments often occur, limiting individuals' proactive decision-making about their investments.
- The four types of super funds are Retail, Industry, Public Sector, and Self-managed Super Funds (SMSFs), each offering different benefits and management styles.
- Default assignments usually place individuals in a MySuper option, which is a simple, low-cost fund but may not align with personal financial goals.
- Choosing the right super fund can significantly impact retirement savings and financial security.
5. 💡 Super Fund Types and Industry Insights
5.1. Early Engagement with Super Funds
5.2. Core of Financial Planning
5.3. Diverse Super Fund Characteristics
5.4. Excitement in Super Fund Selection
6. 🕵️♂️ Evaluating Super Funds: Key Parameters
- The speakers have over 20 years of experience in financial advice, which informs their evaluation of super funds.
- They have reviewed numerous super funds, utilizing their experience to provide informed and objective evaluations.
- Despite having personal opinions, the speakers emphasize the importance of remaining objective and using specific criteria to evaluate super funds effectively.
7. 🔍 Online Reviews vs Personal Evaluation
- Use online reviews as a starting point for evaluating super funds, focusing on platforms like Chant West with metrics such as four-star ratings.
- Do not rely solely on online reviews, particularly for Australians close to retirement, as personal financial circumstances and goals are crucial.
- Consider specific metrics from online reviews for initial assessment, such as performance ratings, fees, and investment options.
- Balance online reviews with personal financial planning to ensure alignment with individual retirement goals.
8. 🤔 Personalizing Super Fund Choices
- Super funds that perform well for individuals in their 20s and 30s may become less suitable for those in their 50s, highlighting the need for personalized investment strategies.
- Rating agencies may not fully capture all the features valued by individual investors, such as flexibility, risk management, and fee structures.
- Understanding specific features like investment options, risk levels, and fees can guide investors in selecting funds that align with their life stage and financial goals.
9. 🧠 Importance of Choosing the Right Super Fund
- Investors face challenges in choosing the right super fund due to non-standardized reporting, which complicates direct comparison across funds.
- To overcome these challenges, investors can utilize research and ratings agencies that offer valuable insights, although these resources are more often accessible to advisors.
- Investors need to navigate across multiple websites with differing reporting styles to gather comparable data, highlighting the need for a more unified approach to fund comparison.
10. 🗺️ Investment Options in Super Funds
- Superannuation is often the largest asset outside of one's home, signifying the importance of careful selection of a super fund.
- Investors increasingly prioritize alignment with personal values, such as sustainability, when choosing super funds, reflecting a trend towards ethical investing.
- Super funds differ in offerings; some emphasize control, allowing investors to make specific choices, while others focus on transparency, providing clear insights into fund operations.
- There is a diverse range of super fund options available, catering to varying investor needs, making it crucial to select a fund that aligns with individual preferences and financial goals.
- Consideration of factors like fees, performance history, and fund management style can also guide the selection of the most suitable super fund.
11. 🤝 Multi-Manager vs Single Sector vs DIY
- Engaging with super funds is essential for all investors to actively manage their investments and optimize returns, regardless of age or retirement status.
- Traditionally, super funds have been categorized into industry funds, self-managed super funds, and corporate or retail funds, each designed to meet different investor preferences and levels of involvement.
- Industry funds, now called profit-for-member funds, have shifted focus to prioritize member benefits over the managing organizations.
- Investors must assess their financial preferences and comfort levels to choose the most suitable type of fund, ensuring alignment with their investment goals and strategies.
12. 🔎 Analyzing Investment Philosophy and Management
- Advisor-initiated superannuation funds, such as Hub 24 and BT, represent a significant portion of the superannuation industry, comprising about 20 to 25%.
- Superannuation funds range in control and transparency, from complete to very little, with options available to suit different investor preferences.
- The superannuation industry is divided mainly into industry funds, SMSFs, and retail funds, with industry funds being the largest and most influential.
- Fees in these funds include advice fees, investment fees, and administration fees, which can significantly impact investment returns.
- Industry funds typically have lower fees compared to retail funds, making them attractive to cost-conscious investors.
- Self-Managed Super Funds (SMSFs) offer high control and transparency but require significant involvement from investors.
- Retail funds often provide flexibility and advisor support but may come with higher fees due to additional services.
- Understanding the fee structures and control levels of each fund type is crucial for strategic investment decision-making.
13. 📊 Key Super Fund Evaluation Metrics
13.1. Investment Options and Team Evaluation
13.2. Comprehensive Fee Analysis
14. 🛠️ Framework for Reviewing Super Funds
- Insurance within super funds is a vital aspect as it often represents the sole insurance coverage for many Australians. Evaluating the quality of the insurance provided should be a priority.
- Assess communication effectiveness by evaluating the ease of making inquiries through phone or email and the simplicity of interactions with the fund.
- Each super fund offers unique perks and drawbacks. For example, some may offer lower fees but limited investment options, while others provide comprehensive customer support but at higher costs.
- Effective evaluation involves a detailed comparison of these unique features, including fees, investment options, customer support, and additional services.
15. 📣 Call for Super Fund Reviews and Feedback
- A framework is being developed to review SMSFs (Self-Managed Super Funds) and corporate retail funds, comparing them against their peers to enhance transparency and performance understanding.
- Individuals are encouraged to participate by having their fund reviewed, with assurances that feedback will remain anonymous, fostering open and honest communication.
- The initiative aims to identify and address common concerns and uncertainties regarding superannuation assets, ultimately improving investor confidence and fund management practices.
16. 🏦 Detailed Investment Options Discussion
- Different types of investment options must be thoroughly understood to ensure alignment with personal financial goals. This understanding is crucial for determining if one is in the right super fund.
- Having more investment options does not necessarily lead to better financial outcomes. It is sometimes more beneficial to have fewer, well-chosen options that align closely with individual goals.
- The default 'My Super' fund is a government-regulated option designed to prevent people from being placed in inappropriate funds. This fund serves as a baseline for those who do not actively choose their investments.
- Evaluating investment options involves assessing the performance of investment teams and ensuring that their strategies align with personal financial goals. This includes analyzing the risk levels and expected returns of each option.
17. 🔄 Multi-Manager Strategy and Control
- Investors should consider three types of investment options: multi-manager/risk profile, single sector, and DIY/self-directed options. Each offers unique benefits tailored to different investor needs and risk appetites.
- Outsourcing investment decisions aligns with an assessment of the investor's profile, such as balanced growth, with expected returns like CPI plus 3-5%. This strategic alignment ensures that investment decisions reflect the investor's financial goals.
- Portfolios are managed within a mandate, investing in different asset classes, which provides a structured and diversified investment approach. This helps in risk mitigation and potential return optimization.
- Super funds typically outsource parts of investments, leveraging multiple managers to enhance portfolio management efficiency and gain specialized expertise. This can lead to improved investment outcomes by utilizing the strengths of different managers.
18. 📊 Single Sector Investment Control
- Investors can access detailed investment information, including hundreds of millions of dollars in specific accounts, on most superannuation fund websites, whether industry or retail.
- Single sector investment offers investors more control over their investment choices, allowing them to tailor asset allocation according to specific market conditions or personal preferences.
- This strategy contrasts with traditional superannuation funds where asset allocation and investment decisions are typically outsourced to fund managers.
- Investors can make strategic decisions, such as increasing international shares during favorable market conditions or shifting to fixed income when market risks are perceived.
- Examples of strategic shifts include moving assets to fixed income during economic downturns or increasing international shares when global markets show potential for growth.
19. 📈 DIY Investment Option Risks and Benefits
- Aligning investment strategies with individual risk profiles is essential to prevent financial inefficiencies. For instance, a high-growth investor should opt for aggressive investments, while a conservative investor should focus on stable, low-risk options.
- Misalignment, such as a conservative investor placed in growth allocations, might lead to undue exposure to volatility, potentially resulting in financial losses.
- On the other hand, a growth-oriented investor in conservative investments may miss out on potential gains, leading to underperformance relative to market opportunities.
- Practical examples include a young professional with a long investment horizon favoring stock-heavy portfolios, whereas a retiree might prefer bonds and fixed-income securities to preserve capital.
- Investors should regularly review and adjust their portfolios to ensure alignment with their evolving risk profiles and financial goals.
20. ⚖️ Balancing Risk and Return in Investments
- Understanding one's risk tolerance is crucial for managing inevitable market volatility and confidently investing.
- Investors should consider adjusting their investment exposure strategically: increase risk for higher returns or decrease risk for stability.
- Implementing a structured framework aids in guiding investment decisions and managing risk effectively.
- Example: A diversified portfolio reduced risk by 20% while maintaining a 15% return rate, demonstrating effective risk-return balance.
- Strategy: Periodic review of investment goals and risk tolerance ensures alignment with market conditions.
21. 🎯 DIY Investment: Challenges and Considerations
- Investors can increase exposure to specific markets, such as Australian shares, by reallocating their superannuation investments.
- More superannuation funds are offering DIY investment options, allowing investors to handpick their shares.
- DIY options are becoming popular in public sector superannuation funds, though there may be limitations such as restricted investment choices and higher fees.
- Examples of funds offering DIY options include AustralianSuper and Hostplus, which provide platforms for direct share trading.
- Potential risks include increased responsibility for investment decisions and the possibility of higher volatility in returns.
- Benefits of DIY investment options include greater control over asset allocation and the ability to tailor investments to individual preferences.
22. 🏢 Public vs Private Investments: Pros and Cons
- Investors in public markets are generally restricted to major indices like the ASX 100 or ASX 300, which limits their ability to engage in speculative investments but provides exposure to stable, established companies.
- Typical investment choices include major companies such as CVAS, Rio Tinto, and BHP, indicating a strategy focused on stability and long-term growth.
- The investment approach involves reallocating funds from managed Australian share portfolios to selectively invest in individual equities, aiming to outperform professional fund managers.
- Outperforming specialized Australian equity managers is challenging due to their expertise in constructing diverse and optimized portfolios.
- Public investments offer liquidity and transparency but may lack the high-growth potential seen in private investments.
- Investors in public markets benefit from regulatory oversight and established governance structures, reducing some investment risks.
- Performance tracking and benchmarking are easier in public markets due to readily available data and indices.
23. 💼 Importance of a Structured Investment Approach
- Experienced investors who systematically identify opportunities and make large, informed investments in key positions on the ASX tend to perform well, demonstrating the value of a structured investment strategy.
- New investors who approach investing without a structured plan, treating it like gambling, are at risk of underperformance, particularly when they over-invest in single positions without adequate research or strategy.
- Implementing a structured investment approach includes setting clear financial goals, conducting thorough research, diversifying investments, and regularly reviewing and adjusting the investment portfolio based on market changes.
- The consequence of not using a structured approach can lead to significant financial losses and missed opportunities for growth, emphasizing the need for discipline and a well-thought-out strategy in investing.
24. 🔍 Performance Analysis of Super Funds
- It's crucial to maintain a structured investment framework or philosophy to manage retirement capital effectively, as complete control without guidance often leads to risky outcomes.
- The cost of obtaining financial advice is minor compared to the potential financial losses from poor investment decisions, highlighting the value of expert guidance.
- Investing heavily in a single sector can pose significant financial risks, underscoring the importance of diversification to mitigate potential losses.
- When reviewing investment options, it's essential to assess exposure and diversification as critical components of risk management, ensuring a balanced portfolio.
25. 📈 Performance Metrics and Benchmarks
- Internally managing a greater proportion of assets rather than outsourcing can significantly enhance returns, providing a more controlled investment strategy.
- Implement the core-satellite approach to balance between index funds and active management, optimizing portfolio performance by combining passive and active investment strategies.
- Promote freedom of choice in superannuation investments, allowing investors to reduce costs by directly investing in index funds without intermediary fees.
26. 📊 Evaluating Returns and Risk Adjustments
- Public investments like Australian shares provide daily valuations, facilitating real-time market value assessment and enabling precise risk management.
- Private investments, such as real estate, do not offer daily price updates, leading to valuation uncertainty within a margin of plus or minus 5%.
- The frequency of public investment valuations supports better-informed investment decisions and strategies due to the availability of up-to-date data.
- Daily valuations can influence investor behavior by providing immediate insights into market trends and risks, unlike private assets where such insights are delayed.
27. 🧐 Understanding Super Fund Performance Drivers
- Industry and public sector super funds have significant exposure to commercial property, which has been underperforming in Australia for the last few years, leading to substantial write-downs.
- Performance of super funds is affected in a jagged manner due to the infrequent revaluation of commercial properties, occurring annually or quarterly, which introduces uncertainty for investors.
- Investors face challenges in timing their investment decisions and redemptions due to these revaluation schedules.
- To mitigate these risks, investors should consider diversifying their portfolios and closely monitoring market trends for commercial properties.
28. 🏆 Long-term Performance Goals
28.1. Challenges in Private Markets
28.2. Advantages of Industry Corporate Superannuation Funds
28.3. Competitive Environment with Balanced Funds
29. 💡 Understanding Fund Transparency and Control
29.1. Fund Performance Analysis
29.2. Control Preferences in Superannuation
30. 🔍 Evaluating Investment Approach and Flexibility
30.1. Investment Options
30.2. Transparency in Investments
31. 📊 Comparing Fund Performance and Expectations
31.1. Aligning Investment Expectations
31.2. Effective Benchmarking
32. 🧩 Analyzing Fund Performance Consistency
- Expect a return of CPI plus 3 to 4% over the long term, emphasizing a strategic perspective rather than annual targets.
- Aim for consistency in performance, avoiding extreme outlier results annually to maintain stable growth.
- Understand the challenges in assessing risk-adjusted returns; experience is crucial in achieving stable returns.
- Investigate the sources of returns to ensure they are not overly reliant on specific market segments like NASDAQ, promoting diversified exposure.
33. 📉 Understanding Risk Adjusted Returns
- US market increased by 30% last year, significantly impacting returns when exposure is high, illustrating the high potential gains with substantial market exposure.
- Exposure to ISX 200 over the last 12 months resulted in only 12% returns, highlighting the variance in market performance and the importance of diversified exposure to manage risk.
- Overexposure to specific markets increases risk, potentially destabilizing long-term portfolio performance, emphasizing the need for balanced diversification.
- In retirement, consistent top quartile performance annually is preferred, underscoring the value of stable, risk-adjusted returns over time to avoid extreme fluctuations.
34. 💰 Evaluating Investment Fees
- Avoid over-allocating to different sectors and focus on the benefits of compounding to achieve steady financial growth.
- Evaluate investment fees in superannuation funds by checking transparency, as most fees are no longer hidden.
- Ensure that fees are acceptable by comparing them across different funds and considering the value they provide.
- Check for transparency in fee structures and understand what services are covered by these fees.
- Consider the potential impact of fees on long-term investment growth and compare this with the benefits provided by the fund.
- Look for funds that provide clear breakdowns of their fee structures and offer competitive rates relative to their performance.
35. 📝 Breaking Down Fee Structures
- Super funds historically included hidden fees such as 4.5% contribution fees and exit fees, which can significantly impact returns.
- There are three primary types of super fund fees: Administration fees, Investment fees, and Advice fees, though this analysis focuses on the former two.
- Administration fees, which cover account keeping costs, should generally be kept below 0.15% to 0.2% to be competitive.
- Industry and corporate super funds typically maintain administration fees within these levels, offering a benchmark for comparison.
- Investment fees vary significantly and require thorough examination to understand their impact on overall returns.
36. 🔍 Understanding Fee Transparency and Costs
- Industry funds include both external fund managers and internally managed teams, making specific cost allocation challenging.
- Investment fees in industry funds range between 6% and 8%, which is competitive compared to other fund types.
- Fees cover costs for internalization and active management within portfolios, typically bundled into a single management fee.
- Transparent fee structures are crucial, but the complexity can obscure their impact on investor returns.
37. 📊 Real-world Fee Analysis
- Management expense ratios (MERs) listed at 0.6% often exclude additional transaction and performance fees, which can increase the total to an average of 0.75%.
- Fees that appear to be 0.65% annually could actually average 0.8% over ten years due to the cumulative effect of additional charges.
- Regularly reviewing product disclosure statements is crucial for investors to understand the full fee structure, as these documents typically contain detailed fee tables.
- In comparing fees across different investment products, it's essential to consider both the stated MER and any additional fees to accurately assess the total cost.
- Investors are advised to review fee structures annually or whenever there is a significant change in their investment portfolio.
38. 💡 Fees vs. Performance: A Personal Perspective
- Management and investment fees are averaged from the previous year, meaning significant changes in performance fees or new managers can result in higher fees without disclosure.
- The focus on achieving the highest returns is often overemphasized, similar to the pursuit of the lowest possible fees.
- Personal experience indicates that the biggest contributor to superannuation fund growth was not necessarily the lowest fees, suggesting performance and strategic management play a more crucial role.
- A strategic approach that balances fees with performance, rather than focusing solely on minimizing fees, can lead to better investment outcomes.
- The example of personal superannuation fund growth highlights the importance of considering both fees and performance as part of a holistic investment strategy.
39. 🔄 Justifying Investment Costs with Value
- Investments with the highest fees, such as geared investments with a 2.27% fee, have shown significant returns, justifying the cost despite the high percentage.
- The choice for high-fee geared investments was strategic, driven by their unique market offering of unmatched high gearing levels, providing opportunities not available elsewhere.
- Opting for lower-fee investments (1.3% to 1.4%) would have led to reduced exposure and significantly less growth, underlining the value derived from higher fees.
- The investment strategy is rooted in evaluating the trade-off between fees and potential performance, ensuring that the fees are justified by substantial growth outcomes.
- A strategic focus on high-fee investments can lead to enhanced returns, provided that the unique benefits and market positioning of such investments are thoroughly assessed.
40. 🔄 Reevaluating Super Fund Costs Regularly
- Regularly evaluate superannuation fund features to ensure they align with personal preferences and provide value relative to the fees paid. This should be done as frequently as other financial reviews, such as those of investment portfolios or property.
- Identify and list the specific features you utilize and value in your current super fund. If you find that you are not using certain features or they do not provide value, consider switching funds to avoid unnecessary premiums.
- Establish a routine for reviewing your super fund, potentially annually, and compare it against other available options using metrics such as fees, performance history, and service features. This structured evaluation will help in making informed decisions.
41. 📊 Setting Fee Benchmarks for Pre-retirees
- Pre-retirees should aim for an all-in fee (excluding advice fees) under 0.75% for platform and investment management costs. This benchmark helps in minimizing unnecessary expenditure and maximizing investment growth as retirement approaches.
- Including advice fees, which cover both investment support and strategic advice, the total fee should ideally be kept below 0.7% to 0.6%. Lower overall fees contribute to better fund preservation, which is critical for financial security in retirement.
- Fee benchmarks serve as a critical tool for pre-retirees to evaluate their financial strategies and adjust portfolio management to align with their retirement goals.
42. 🛡️ Insurance in Super Funds: Importance and Evaluation
- Be cautious of low-cost options as they may come with market volatility and risk, potentially affecting long-term security.
- Insurance is less relevant for retirees who may have already accumulated sufficient assets, but remains crucial for pre-retirees who are still building their financial safety net.
- Many individuals in their 50s and early 60s rely entirely on insurance within their superannuation funds, highlighting the need for adequate coverage to protect against unforeseen events.
- Consider evaluating the insurance component within super funds regularly to ensure it aligns with current life stage and financial goals.
- Statistics suggest that a significant portion of this age group has their primary insurance cover through super funds, underscoring its role in their financial planning.
43. 🔍 Insurance Offerings and Considerations
- Evaluate the type of insurance being offered and compare its cost to other superannuation funds to ensure competitiveness.
- Consider the impact of age on your policy: coverage may reduce while premiums increase as you age.
- Income protection policies are particularly valuable; assess the terms and ease of obtaining payouts.
- Determine the duration of coverage, such as whether it lasts until age 65 or only covers a limited period.
- Differentiate between types of insurance (e.g., life, health, income protection) to better understand what suits your needs.
- Use examples or case studies to illustrate the impact of age on insurance policies and the benefits of income protection.
- Ensure comprehensive understanding by considering both immediate costs and long-term benefits of each policy.
- Review the specific terms of each insurance type to understand exclusions and limitations.
44. ⚠️ Evaluating Insurance Needs and Changes
- Consider cost, level of exposure, and policy specifics when evaluating insurance needs, especially for those nearing retirement.
- High fee-paying funds might not align with investment preferences; however, retaining some funds may be beneficial for insurance purposes.
- Insurance is essential if you lack a financial safety net or if your family would face financial difficulties due to illness or injury.
- Prioritize insurance if you don't have adequate savings to support yourself during periods of illness or unemployment.
- Life, health, and disability insurance are critical types to consider, each addressing different risks and needs.
- Inadequate insurance coverage can lead to severe financial strain in the event of unforeseen circumstances.
45. 📞 Access and Communication with Super Funds
45.1. Insurance Coverage Adjustments in Super Funds
45.2. Effective Communication with Super Funds
46. 💬 Evaluating Communication Effectiveness
- Focus on delivering relevant and helpful content to the audience, such as providing specific retirement planning information for those approaching retirement.
- Recognize the financial industry's general shortcomings in content relevance, but note progress with new formats like podcasts and video updates.
- Ensure quick and easy access to pertinent information, particularly regarding investments and personal finance, to meet basic customer expectations.
47. 📱 Usability and Accessibility in Super Funds
47.1. App-Based Interaction Challenges and Strategies
47.2. Leveraging Social Media for User Insights
48. 🎁 Perks and Quirks of Super Funds
- The discussion emphasizes evaluating super funds at a high level to understand their perks and quirks, which can significantly differ between funds.
- Perks are beneficial features that distinguish a fund from its peers, offering real advantages such as lower fees or unique investment options.
- Quirks are limitations or missing features that may make a fund less flexible than its peers, impacting individual suitability.
- Financial advice involves determining if a fund aligns with current needs or if adjustments could offer significant savings or benefits.
- Examples of perks could include lower management fees or exclusive investment options, while quirks might involve limited withdrawal options or lack of online management tools.
49. 🛠️ Practical Evaluation of Super Fund Features
49.1. Usability in Super Fund Applications
49.2. Accessibility in Super Fund Applications
50. 📋 Upcoming Assessments of Major Super Funds
- The review will target major superannuation funds such as Australian Super, Host Plus, and Hester.
- Assessments will focus on both strengths and areas for improvement, specifically from an investment perspective.
- The aim is to provide an impartial and comprehensive evaluation of each fund.
- Stakeholder engagement is a priority, reflected by the active receipt of numerous questions from interested parties.
- The specific criteria for these assessments include fund performance, risk management strategies, and member satisfaction metrics.
- Background information reveals that the purpose of these assessments is to enhance transparency and accountability in fund management.
- Expected outcomes include well-informed recommendations for stakeholders and improved fund strategies.
- Case studies from previous assessments will be used to illustrate processes and highlight best practices.