“Based on this experience we will be offering this service to other large superannuation funds.”

Rodwell-Ball said NGS would table Mercer’s report at the next board meeting.

“I expect that in their very comprehensive review we’d find some recommendations for improvements that we could make, and that’s part of the process,” he said.

“We’re not only seeking to provide comfort to our members and employers regarding the past, but we’re genuinely looking to improve as we go forward in the future. That’s what good governance is all about.”