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Showing 11 - 20 of 77 results for "Margaret Cole"

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
... savings and 95,810 members. Commenting on why super products were incorporated in the assessments, APRA deputy chair Margaret Cole said: "With more and more Australians approaching and entering retirement, there is a critical need for more detailed retirement ...

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
... practice examples and observations below holistically and take action to address any deficiencies," APRA deputy chair Margaret Cole said. "Where APRA identifies practices which fall short of legal requirements, APRA will utilise the full range of its ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... select number of members having their retirement savings stolen. In a letter to super fund chairs, APRA deputy chair Margaret Cole said that although it "has consistently emphasised the importance of robust cybersecurity, it is clear that current controls ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... Act 1993 (SIS Act) by Cbus, with the investigation focused on expenditure management practices. APRA deputy chair Margaret Cole said the regulator expects trustees to have robust governance, compliance and risk management frameworks in place to prevent ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... options noting that the court hasn't ruled that the licence conditions are valid," Taylor said. APRA deputy chair Margaret Cole said the regulator took action to support improved member outcomes and will now move "expeditiously" to ensure the requirements ...

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... This increase slightly exceeds growth in assets across the industry over the same period, said APRA deputy chair Margaret Cole. "Increased transparency and scrutiny of super fund expenditure are crucial since trustee decisions have direct implications ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
APRA deputy chair Margaret Cole and ASIC deputy chair Sarah Court have sent a letter to superannuation trustees reminding them of their obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... and Energy Union withdrawing from what's now the CFMEU in December 2023. The data comes as APRA deputy chair Margaret Cole said the regulator would be looking more closely at super funds' spending. "The scale of expenditure in a particular category ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... whether there should be more focus on fees over returns. Independent MP Allegra Spender questioned APRA deputy chair Margaret Cole on whether APRA believes the standards to which the regulator holds super funds are adequate, or if there should be more ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... trustees' spending, saying it has identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying its supervision of their expenditure as it looks to curb spending ...