TAL Superannuation Limited (the “Trustee”) is the Trustee of the TAL Superannuation and Insurance Fund (or “Fund”). The Fund provides choices about superannuation and insurance which looks after the financial wellbeing of over 60,000 Australians.
We are pleased to publish the following information about the Trustee and the Fund.
Constituent and Associated Documents
The governing document of the Trustee.
Trustee’s Board Charter
Sets out the role, responsibilities, authority and membership of the Trustee’s Board, and the protocols for Board meetings. Section 6 of the Board Charter sets the rules for the appointment, removal and replacement of Directors.
Trustee’s Financial Statements
A written report of the financial condition of the Trustee, which includes a balance sheet and income statement for the financial year ended on 31st March.
Fund’s Trust Deed
The set of rules about the management of the Fund, including what the Trustee can and can’t do.
Fund’s Financial Statements
A written report of the financial condition of the Fund for the financial year ended on 30th September.
Current Product Disclosure Statements
Information about your TAL superannuation product, including benefits and risks, costs, and the fees and charges that TAL receives.
TAL Risk-Only Super Plan
TAL Employee Insurance Plan
TAL Staff Superannuation Plan
PrefSure and Partner Insurance
Lumley Life Limited (1993 - 1995)
Lumley Life Limited (1996 - 2003)
Latest Annual Reports
Information about the management, financial condition and investment performance of the Fund.
TAL Superannuation and Insurance Fund
If you are looking for Disclosure Documents for a classic product that is not listed here, please call us on 1800 155 600, Monday to Friday between 8.30am – 5.30pm (AEST/AEDT). Or email us and we will be happy to send you a copy.
Material Changes and Significant Events
Members with an Accrued Default Amount in an ARC Master Trust or Easy Super Product.
ADA Transfer from 14/2/17
TAL Super Fund members whom were notified by mail of the transfer of policy ownership from TAL Superannuation and Investment Fund to Mercer Superannuation (Australia) Limited.
Significant Event Notice sent to members
Policy Upgrade Booklet
Changes to the PSP products effective from 1 December 2017.
Significant Event Notice
Directors and Executive Officers
Peter J. LewinskyBEc, MBA, FCA, FAICD, SFFin
Peter Lewinsky has conducted an advisory practice over the last 22 years, providing strategic, financial and governance advice to a wide range of public and private companies and government. He is an experienced government, not-for-profit and private sector company director and has chaired a number of Audit Committees. Prior to commencing his practice, Peter, a qualified Chartered Accountant, worked for investment banks and stockbroking firms in Australia and overseas.
Over the last 24 years, Peter has also advised Victorian, South Australian, Tasmanian, ACT and Federal governments, on a range of privatisation, industry re-structuring and industry reform issues. He is currently retained by the Department of Human Services, Primary Industries, Business and Innovation, and Sustainability & Environment in Victoria, for a range of assignments.
Steven J. HelmichDip FP, FANZII, SF Fin, MAICD
Before joining TAL, Steve Helmich successfully led AMP’s financial planning business through periods of reform and change. He was responsible for the strong growth in AMP Financial Planning and Hillross, as well as the establishment of the Horizons Financial Planning Academy. He is a past Chairman of the Financial Planning Association of Australia (2002 – 2004), a past Trustee & the Chair of Future2 (the foundation of the Australian Financial Planning Association) and a past Director and Chair of the global Financial Planning Standards Board (FPSB).
Steve, who is a graduate of the Advanced Executive Program (Kellogg Institute – Northwestern University), is also the Chairperson of Affinia Financial Advisers (TAL Group) and a Director of G&C Mutual Bank.
Roslyn E. RamwellBBus, CPA, Trustee FASFA, MAICD, AGIA
Roslyn Ramwell was the CEO of a large corporate superannuation fund for 12 years prior to joining TAL, and is very experienced in all aspects of superannuation. She is a Life Member of the Association of Superannuation Funds of Australia Limited, having served as a director for 12 years, and chaired the Finance & Risk Committee for six years.
Roslyn has a Graduate Diploma in Applied Corporate Governance and extensive experience in this area. She has experience in both the government and private sectors, having worked for QSuper and the Insurance and Superannuation Commission (now APRA).
Stephen W. Graham
BBus, GradDipEmpRel, Dip Law
Stephen Graham is a corporate governance professional who has more than 20 years’ experience in the superannuation and insurance industries. He has wide-ranging expertise in the fields of compliance, risk management and trustee services, and holds degree qualifications in commerce and law.
Stephen joined TAL in 2007 as the Trustee Advocate and heads the Office of the Trustee. In this role, he is responsible for the strategic and governance functions of the Trustee as well as championing the interests of members. This includes advising on and approving death and disability claims.
Stephen has drawn on his experience and expertise to design, implement and oversee significant fund, product and system amalgamation projects for the Trustee , as well as prepare the Trustee’s response to the MySuper and StrongerSuper reforms. Stephen is an industry thought-leader, contributing to journal articles and presentations, and is a member of industry bodies.
Conflict Management Arrangements
As TAL Life and TAL Services are related bodies corporate to the Trustee, the strategic partnership between them generates the following organisational conflicts:
TAL Life is directly paid by members to provide TASL with administration services and insurance policies.
TAL Services is indirectly paid by members to provide secondees, corporate services and facilities to TASL and TAL Life under a facilities agreement.
These conflicts, and the personal conflicts of the Trustee’s Directors and Executive Officers are documented in its Registers of Relevant Interests and Duties.
The Trustee has implemented a Conflicts Management Policy which requires it to adopt a four-stage approach to effectively manage organisational conflicts:
Identify conflicts relating to its business.
Assess and evaluate those conflicts.
Decide upon and implement an appropriate response to those conflicts which may include controlling, avoiding and/or disclosing the conflict. And,
Report on and monitor conflicts.
The Conflict Management Policy also requires Directors to:
Disclose conflicts to all interested parties
Abstain from participating in making decisions that may be, or be seen to be affected by, the conflict, or
Remove the conflict.
How the Fund works
The Trustee issues a range of products from the Fund that provide investment and/or insured benefits for members.
The following companies provide services that support these products:
TAL Life Limited ABN 70 059 109 450
Administers the Fund for the Trustee and provides life policies that support insured benefits for members.
TAL Services Limited ABN 60 076 105 130
Provides the Trustee with the corporate services, seconded staff and resources it needs to perform its duties as trustee of the Fund.
Mercer Investments (Australia) Limited ABN 66 008 612 397
Provides the trustee with implemented asset consulting services that support investment benefits for members.
The investment options invest in one or more managed investment schemes selected by the Trustee on the advice of the implemented asset consultant.
As the Fund is fully invested in managed investment schemes, it does not directly own any shares in listed companies with voting rights attached to them. However, the Trustee will exercise voting rights attached to units in managed investment schemes it owns in the best interests of members, with the objective of preserving and increasing the value of their superannuation in the Fund.
All benefit payments are made subject to the superannuation law and the Fund’s governing rules. Details are documented in the TAL Superannuation Death Benefits brochure.