Three new independent directors have been appointed to the Board of TAL Superannuation Limited (TASL), the company responsible for the superannuation business of Australia’s largest life insurer TAL. This business is operated through the TAL Superannuation and Insurance Fund (Fund).
The appointments to the Trustee Board of the Fund mark a new phase in the governance of TAL’s super business which currently has around $1.7 billion under management for around 100,000 customers.
TASL is a niche provider of customer-centric, financial protection-oriented superannuation products and scaled advice services backed by the wider TAL Group.
Experienced board director Peter Lewinsky has been appointed as the new independent Chair of the Trustee Board, while Anne Templeman-Jones has been appointed independent Director and will chair TASL's Remuneration Committee, and Roslyn Ramwell has been appointed independent Director and will chair TASL's Audit, Compliance and Risk Management Committee.
TAL Group CEO Jim Minto said: “These are the first appointments of independent directors to the Trustee Board of the Fund, and I am pleased Peter, Anne and Roslyn have joined TASL’s journey as a high performing trustee to meet best practice in governance starts a new phase.
“We have spent some 12 years now actively rationalising our trustee structure down from multiple trustee companies and eight superannuation funds to one trustee company and fund. Included in this change process has been extensive superannuation product rationalisation to produce better product and investment management outcomes for members. This process will continue under the new board structure.
“TASL has had a dedicated ‘Office of the Trustee’ model for the past seven years with Stephen Graham holding that position and leading the change. His role continues under the new structure.”
Peter brings a wealth of experience to the TASL Board as a chartered accountant, professional director and governance adviser. Anne is a professional director with expertise in strategic planning and implementation, customer insight, and stakeholder engagement. Roslyn is the CEO of Harwood Nominees which is the trustee of the CSR, Holcim and Wilmar Sugar corporate fund and has a wealth of experience in superannuation governance.
Stuart Snell 02 9448 9879/0417 921 235 firstname.lastname@example.org
About TAL: The specialist voice of life insurance in Australia
TAL is Australia’s largest life insurance company with leading competitive offerings in each of its core distribution channels: direct to customers; through financial advisers; and via group and workplace superannuation schemes. With in-force premiums of $2.2 billion, TAL provides more life insurance solutions to Australians than any other insurer. TAL is owned by The Dai-ichi Life Insurance Company, Limited, one of Japan’s largest life insurers.