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
Advice firm Apt Wealth Partners has appointed Andrew Dunbar to lead the firm in its next growth phase, while former CEO James McGregor will step up as executive chair to focus on M&A plans.
The use of offshore service providers could be exposing clients to potential risks around confidentiality, operational disruption, or effective supervision, ASIC has warned financial advice licensees.
With the adviser education pathway deadline less than three months away, Padua Wealth Data is predicting a “very unstable last quarter” after three months of solid net growth and new entrants.
ASIC has banned the former CEO of Lighthouse Partners from providing financial services for 10 years after failing to report fees-for-no-service conduct, the second individual banning from this firm.
