TAL appoints independent super trustees
Big insurer, TAL has moved to inject independence onto the board of its superannuation entity, TAL Superannuation Limited (TASL).
The company announced this week it had appointed experienced board director, Peter Lewinsky as chairman of the Trustee board, while Anne Templeman-Jones had been appointed independent director and would chair the remuneration committee.
It said that, at the same time, Roslyn Ramwell had been appointed and would chair the fund’s audit, compliance and risk management committee.
TAL Group chief executive, Jim Minto described the independent appointments as being the culmination of a 12 year process during which the firm had actively rationalised its trustee structure from multiple trustee companies and eight superannuation funds to one trustee company and one fund.
He said that included in the process had been an extensive superannuation product rationalisation to produce better product and investment management outcomes for members.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
