Naomi Edwards, former chair of Spirit Super, has been appointed a non-executive director at life insurer TAL.
Edwards would also serve on the Audit Committee and the Risk Committee.
A former partner at Deloitte, she had previously served on the boards of the Australian Institute of Superannuation Trustees (AIST), Australian Ethical Super, and the Australian Institute of Company Directors (AICD).
TAL chair, Mark Joiner, highlighted the 35 years of experience in financial services that Edwards brought to the role.
He said: “Naomi is a highly-respected leader of the superannuation and life insurance sectors focused on delivering results for all stakeholders. On behalf of the board, I extend a warm welcome to Naomi and look forward to working with her as TAL executes the next phase of its corporate strategy.”
As chair of Spirit Super until last month, she oversaw Spirit Super’s transformation from $1.5 billion funds under management 12 years ago to $25 billion today.
She was also the 2023 President of the Australian Actuaries’ Institute.
“I have followed TAL’s journey and admired its culture and corporate values and am delighted to be joining the board. I look forward to working with the Board and the executive team led by CEO Brett Clark,” said Edwards.
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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