Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 77 results for "Margaret Cole"

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... act swiftly in deploying its enforcement toolkit where trustees fall short of our expectations," APRA deputy chair Margaret Cole said. "We expect trustees to have robust governance, compliance and risk management frameworks embedded and operationalised ...

Heatmaps drive efficiencies, more consolidation: Cole

CHLOE WALKER  |  FRIDAY, 2 JUN 2023
Speaking at a standing committee this morning, deputy chair Margaret Cole noted that the heatmaps and performance tests have created a more efficient and transparent superannuation system that will ultimately drive more consolidation. While that might ...

APRA probes super fund payments to unions

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
... that APRA is investigating the financial relationships between superannuation funds and unions. APRA deputy chair Margaret Cole confirmed the regulator's ongoing scrutiny into certain transactions. While refraining from naming any entities involved ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... Advanced Balanced and BT Super For Life Advance Higher Growth - were among the worst performers. APRA deputy chair Margaret Cole said there are "still far too many products delivering sub-standard investment returns to fund members". "As a result, APRA's ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
... and Student Super, and OneSuper, whose sub-plans include Allan Gray Super and Superhero Super. APRA deputy chair Margaret Cole said the conditions set baseline expectations for independent trustees. "The inherent complexity of the independent trustee ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... Lifecyle, Suncorp Lifestage Funds and OneSuper MySuper Passive Balanced. Commenting on the findings, APRA deputy chair Margaret Cole said: "Since 2019, APRA's MySuper heatmap has been an important tool for eradicating unacceptable product performance ...

Super fund board renewals need work: APRA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
APRA deputy chair Margaret Cole says there is "material scope" for improvement in super fund board renewal strategies. In a speech to the AIST Chairs Forum, Cole outlined the regulator's expectation of trustee boards, saying the issue of board governance ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... valuation information and costs," APRA stated. Speaking to the intention of the updated guidance, APRA deputy chair Margaret Cole said: "Many funds have grown in size and complexity and the intensity and quality of governance must keep pace. In strengthening ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... performance test and heatmaps. Although the regulator strongly supports further industry consolidation, APRA deputy chair Margaret Cole said successor fund transfers often run into problems that erode the benefit to members. "One of the best ways for ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
... of governance and risk management practices to ensure their members' interests are protected," APRA deputy chair Margaret Cole said. "As the Insignia Trustees have grown substantially in recent years, it is important their governance and risk frameworks ...