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Showing 21 - 30 of 77 results for "Margaret Cole"

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... still underperforming products that need improvement particularly among choice product offerings," APRA deputy chair Margaret Cole warned earlier referring to the issue. The prudential regulator has called for a more robust product governance needed ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... still underperforming products that need improvement particularly among choice product offerings," APRA deputy chair Margaret Cole said. "APRA has no tolerance for members to remain in poorly performing products without credible and timely rectification ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... ensure changes align with their individual circumstances and take into account tax implications." APRA deputy chair Margaret Cole said: "This year's results demonstrate the progress being made to address underperformance. At the end of June, all ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... issues that have been examined at length over the past two years without any negative findings. APRA deputy chair Margaret Cole said trustees are in a privileged position of managing billions of dollars of assets on behalf of their members and that compliance ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... risk is key to enhancing operational and financial resilience, as well as financial stability," APRA deputy chair Margaret Cole said. "APRA will continue to engage the full range of supervisory and enforcement responses to ensure that regulated entities ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... management, $40 million of which will be held as an overlay until all terms of the undertaking are met. APRA deputy chair Margaret Cole said: "This action shows that APRA is willing to take strong enforcement action where it is warranted. These MySuper ...

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON  |  TUESDAY, 16 JUL 2024
... strengthen the accountability of trustees to act in the best financial interests of their members," APRA deputy chair Margaret Cole said. "This includes the data submitted for the annual performance test, a powerful tool used by APRA to hold trustees ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... members front of mind in every decision they make and the way they run their businesses every day," APRA deputy chair Margaret Cole said. "Fund expenditure is a significant area of focus for APRA and the broader community. In addition to tightening the ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... closing these gaps, including by leveraging examples of progress outlined in this industry update." APRA deputy chair Margaret Cole was most concerned about trustees failing to track the success of their strategies, especially as this was highlighted ...

Equity Trustees hit with fine by APRA

ELIZA BAVIN  |  WEDNESDAY, 5 JUN 2024
... six reporting forms 38 days late for Super Simplifier for the quarter ended 30 September 2023. APRA deputy chair Margaret Cole said by issuing the fine, APRA wanted to send a clear message to industry of the importance of submitting data on time. "We ...