Welcome to TAL News & Views

Welcome to the April edition of TAL News & Views. In this edition we wrap up our CPS 230 Roundtable discussion, share insights on the key to digital transformation in life insurance and look at the latest update on the Superannuation (Objectives) Bill legislation. We’re also proud to celebrate new and expanded partnerships meaning we now protect and support more than 4 million Australians through group life insurance.

Strengthening a long-standing relationship

Since our last newsletter, you may have seen an announcement in the industry press that the long-standing partnership between TAL and AustralianSuper has been extended to protect members beyond their working lives by also supporting their financial choices in retirement.

We’re excited by the opportunities our Retirement proposition offers our existing partners, ensuring that together we can meet the evolving needs of members both now and into the future. We know that flexible lifetime income options supported by access to guidance and financial advice, together with leading digital capabilities, are key to providing members with greater financial certainty in retirement.

Partnership goes live

The beginning of April also marked the formal commencement of the group life insurance partnership between TAL and AMP Superannuation Fund. This partnership extension means over 270,000 more Australians will now be protected by TAL through their working lives.

Digital transformation

Last month, an opinion piece by Jenny Nguyen, TAL’s General Manager Digital Experience, Group Life and Retirement was published in FS Super on digital transformation in group insurance. If you didn’t get a chance to read it, it’s well worth a look as Jenny outlines our approach to streamlining the insurance journey to improve the member experience.

CPS 230 partner roundtable

We had excellent representation from our partner community at our CPS 230 Roundtable discussion held concurrently in Sydney and Melbourne last month. It’s clear that as a group, we are well positioned for the successful delivery of the program to build resilience against operational risks and disruptions. Enza D’Agostino, Head of Governance and Risk, Group Life and Retirement shares a wrap-up of the discussion and the next steps towards implementation.

Objective of super

The latest step in legislating the Superannuation (Objective) Bill 2023 was tabled just before the Easter break, with the report from the Senate Economics Legislation Committee incorporating submissions from peak bodies and stakeholders. James Connors, Head of Corporate and Government Affairs at TAL, provides an overview of the committee’s response and the next steps towards legislation.

Get in touch to learn more

Please speak with your Partnerships Manager if you’d like any more information about the topics discussed in this edition of TAL News & Views.